11901 I-10 Service RdNew Orleans, LA 70128

Property Details for 11901 I-10 Service Rd

Year built

2011

Lot size

0.96 AC

Property size (Sq ft)

9,180 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional retail investment opportunity presents a vacant, 9,180 square foot Family Dollar storefront in New Orleans, Louisiana. Located at 11901 I-10 Service Rd, this Class B property sits on a 0.961-acre lot and boasts excellent visibility at the four-way interchange of I-10 and Bullard Avenue. The property benefits from its proximity to major retailers like Walmart and Home Depot, as well as numerous restaurants and hotels, including a Premier Honda, Waffle House, Comfort Suites, and Holiday Inn Express. Adjacent to a substantial residential area, this location offers strong potential for redevelopment or re-leasing. The existing lease with Family Dollar (a subsidiary of Dollar Tree, Inc.), a corporate-guaranteed NN+ lease, runs until January 31, 2026, providing approximately 1.2 years of remaining rental income and reimbursements for real estate taxes and insurance. Built in 2011, this single-story building offers a flexible configuration suitable for various retail uses. The asking price is $1,100,000, representing a 12.75% cap rate with a current NOI of $140,250. This prime location and the existing lease provide a unique opportunity for investors seeking a strong return on investment with significant upside potential through redevelopment or re-leasing. The property's size and location make it ideal for quick-service restaurants or other retailers. Dollar Tree, Inc. reported $30.6 billion in fiscal year 2023 sales and $1.615 billion in net income.

Location Insight

City

New Orleans

County

Orleans Parish

State

Louisiana

Latitude

30.0465

Longitude

-89.9626

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