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3411 S Carrollton AveNew Orleans, LA 70125
Fast Stop + Strip Center
Asset ClassRetail
Deal Size: $7.61 MCap Rate: 7.25%Lease-Term Remaining: 20 YearsAccess Data Room
FUEL/C-STORE + STRIP CENTER ON A SINGLE-TENANT ABSOLUTE NNN MASTER LEASE
overview of deal

Overview

Price: $7,613,000 | Cap Rate: 7.25% | NOI: $552,000

  • Guaranty: Corporate & Personal
  • Lease Type: Absolute NNN (NNN)
  • Rent Increases: 2% Annually
  • Options: 4x5-Year
  • Term Remaining: 20 Years
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Investment Highlights

- FUEL/C-STORE + STRIP CENTER

- 20 YRS REMAINING ON ABS NNN SINGLE TENANT MASTER LEASE

- 52 UNIT PERSONAL + CORPORATE GUARANTEE

- 12 PUMPS FOR HIGH-VOLUME FUELING

- 4 MINS FROM DOWNTOWN NEW ORLEANS WITH DIRECT ACCESS VIA I-10 AND EARHART BLVD

- LESS THAN 1 MILE FROM THE ONLY COSTCO IN 35 MILES

 

 

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3411 S Carrollton AveNew Orleans, LA 70125

Sales Team

Drew IsaacSenior Managing Director Investments(303) 328-2048drew.isaac@marcusmillichap.com
STEVE GREER LA Broker of Record

License #: Lic #: BROK.995710346-ACT

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Listing provided by Revere CRE