4200 Williams BlvdKenner, LA 70065

Property Details for 4200 Williams Blvd

Lot size

0.44 AC

Property size (Sq ft)

5,480 SF

Property type

Retail properties

Property subtype

Auto shops

Description

This exceptional investment opportunity presents a fee-simple, 5,480 square foot Tire Choice (Monro Inc., NASDAQ: MNRO) auto shop in Kenner, Louisiana. The property boasts a strong 7.06% cap rate and a substantial $120,000 annual net operating income (NOI). Situated on a 0.44-acre lot, this single-story building benefits from a 10-year net lease (NN+) with 3, 5-year options, including 9% rent bumps at each option period. The lease commenced August 25, 2019, and expires August 31, 2029, leaving approximately 4.8 years remaining. The corporate guarantee from Monro Inc. provides significant financial security. This prime retail location is strategically positioned 0.6 miles from a new $100 million casino development and less than 4 miles from New Orleans International Airport, within a high-growth corridor of the New Orleans MSA. Kenner's robust demographics, coupled with the recession-resistant nature of the auto service industry and the tenant's 25+ year history in the submarket, make this a compelling investment. The asking price is $1,700,000, translating to $310.22 per square foot. The property is 100% occupied.

Location Insight

City

Kenner

County

Jefferson Parish

State

Louisiana

Latitude

30.0326

Longitude

-90.2377

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].