3018 Holiday DrNew Orleans, LA 70131

Property Details for 3018 Holiday Dr

Year built

2014

Lot size

1.87 AC

Property size (Sq ft)

10,500 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 10,500 square foot Petco storefront located at 3018 Holiday Drive in New Orleans, Louisiana. Part of the bustling 227,814 square foot Algiers Plaza shopping center, this property boasts a strong tenant in Petco, a credit-rated business with a lease extending to January 31, 2027 (approximately 2.2 years remaining). The property features a 7.50% cap rate and is situated on a 1.87-acre lot. Built in 2014, this single-unit, 100% occupied retail space benefits from a Net Net Net (NNN) lease structure. Algiers Plaza enjoys high visibility on major thoroughfares, receiving over 80,000 vehicle views daily, and is conveniently located near key landmarks, including the New Orleans International Airport and the French Quarter. The center's diverse tenant mix includes national and regional anchors such as Winn-Dixie, Ross, and TJ Maxx, ensuring stable long-term occupancy. This value-add investment offers a compelling opportunity for a savvy investor seeking a strong return in a prime New Orleans location. The asking price is $1,680,000.

Location Insight

City

New Orleans

County

Orleans Parish

State

Louisiana

Latitude

29.9232

Longitude

-90.0121

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