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NAPA Auto Parts 10150 I-10 Service Rd 10,000 SF Retail Building New Orleans, LA 70127 $1,395,919 CAD ($139.59 CAD/SF) 6.61% Cap Rate
INVESTMENT HIGHLIGHTS
- NN Lease to Genuine Parts Company (NAPA) | 5 Years Remaining + 2 (5) Year Options
- Only NAPA store in New Orleans, Lousiana
- Strategically located Right Off Highway I-10
- Corporate Guarantee | Tenant Has Already Renewed Twice
- Drastically Low Rent
- Surrounded by Retail/Hospitality/Industrial
EXECUTIVE SUMMARY
100% leased retail investment opportunity.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
C
Year Built/Renovated
1978/2014
Price
$1,395,919 CAD
Price Per SF
$139.59 CAD
Cap Rate
6.61%
NOI
$92,210 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.92 AC
Zoning
C - Commercial
Parking
12 Spaces (1.2 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Freeway Visibility
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 3-9W-0-163-75 | Improvements Assessment | $144,889 CAD |
| Land Assessment | $33,843 CAD | Total Assessment | $178,731 CAD |
PROPERTY TAXES
Parcel Number
3-9W-0-163-75
Land Assessment
$33,843 CAD
Improvements Assessment
$144,889 CAD
Total Assessment
$178,731 CAD
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NAPA Auto Parts | 10150 I-10 Service Rd
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