620 Terry Pky - Restaurant FOR SALE


Gretna, LA 70056
$1,139,100 USD
332-345-4222
620 Terry Pky, Gretna, LA for Sale
$1,139,100 USD
Restaurant - FOR SALE
1/2
null | 7.5% Cap Rate

620 Terry Pky
Gretna, LA 70056


HIGHLIGHTS

  • Absolute Triple-Net (NNN) Lease | Zero Landlord Responsibilities
  • Brand New Twenty (20)-Year Lease | Approximately 19.6 Years Remaining | Four (4), Five (5)-Year Options
  • Rental Increases Of Three Percent (3.00%) Annually Beginning In 2030

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a New Orleans Original Daiquiris located at 620 Terry Pkwy, Terrytown, LA 70056. The site consists of roughly 1,500 rentable square feet of building space on an estimated 0.25-acre parcel of land. This New Orleans Original Daiquiris is subject to a 19.6-year Triple Net (NNN) lease, which commenced 7/1/2024. The current annual rent is $85,436 and has scheduled increases of 3.00% annually starting in year 7.

FOR SALE DETAILS

PRICE

$1,139,100 USD

PRICE/SF

$759 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Orleans Original Daiquiris

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

C2

APN/PARCEL ID

3200329005

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.