For Sale
$4,820,000

4150 General Degaulle DrNew Orleans, LA 70131

High-yield retail center, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 14,277 square foot, single-story retail center in New Orleans, Louisiana. Located at 4150 General De Gaulle Drive, this 100% occupied property boasts a strong tenant lineup including Buffalo Wild Wings, Firehouse Subs, Jeff's Haberdashery, and Republic Finance. The property sits on a 1.18-acre lot and features a single building constructed in 1973, renovated in 2014. The property operates under a triple-net (NNN) lease structure, offering a stabilized investment with a current Net Operating Income (NOI) of $325,255 and a compelling 6.75% capitalization rate. The asking price is $4,820,000. Long-term leases are in place, providing significant stability and predictable cash flow. Jeff's Haberdashery recently signed a 10-year lease extension, and Buffalo Wild Wings has 10 years remaining on their lease. The property benefits from its location within a larger shopping plaza, anchored by Winn-Dixie and Burlington, ensuring high traffic and visibility. This prime retail asset is situated near major thoroughfares, just 5 miles from downtown New Orleans, experiencing over 80,000 vehicles passing daily. The property's strong tenant mix, long-term leases, and prime location make it an attractive investment opportunity with significant growth potential. The property's APN is 5-13-8-219-21.

Highlights

  • 14,277 SF single-story retail center in New Orleans, LA, 100% occupied.
  • Jeff's Haberdashery recently signed a 10-year lease extension.
  • Buffalo Wild Wings has 10 years remaining on their lease.
  • Grocery-anchored retail center with strong tenant mix including Buffalo Wild Wings, Firehouse Subs, Jeff's Haberdashery, and Republic Finance.
  • Long-term NNN leases in place.
  • 100% occupancy.

Property Details for 4150 General Degaulle Dr

Property type
Lifestyle centers, Power centers
Square Feet
14,277 SF
Year Built/Renovated
1973/2014
Buildings
1
Stories
1
Lot Size (sq. ft)
51,401 SF
Units
4

Location Insight

City
New Orleans
County
Orleans Parish
State
Louisiana
Latitude
29.920427770889
Longitude
-90.012178922986
4150 General Degaulle Dr, New Orleans, Louisiana

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4150 General Degaulle Dr
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