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Fast Stop Gas Station 3411 S Carrollton Ave 6,912 SF 100% Leased Retail Building New Orleans, LA 70118 $10,623,439 CAD ($1,536.96 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Absolute Triple Net Lease with No Landlord Responsibilities
- High Population Density Supporting Daily-Needs Retail
- Robust Traffic Counts
- Flexible Gas, C-Store & Retail Use
- Attractive 2% Annual Rental Increases
- Proximity to Major Universities Driving Consistent Daily Demographics
Executive Summary
Surmount is pleased to present the exclusive listing for a Fast Stop Gas Station located at 3411 South Carrollton Avenue, New Orleans, LA 70125. The site consists of roughly 6,912 rentable square feet of building space on an estimated .22-acre parcel of land. Fast Stop Gas Station is subject to a 20.01 year Triple Net (NNN) lease, which commenced 12/19/2025. The current annual rent is $563,040 and has scheduled increases of 2.00% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
6,912 SF
Building Class
C
Year Built
1998
Price
$10,623,439 CAD
Price Per SF
$1,536.96 CAD
Cap Rate
7.50%
NOI
$796,758 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.58 AC
Opportunity Zone
Yes
Zoning
HU-MU - Historic Urban Neighborhood Mixed-Use District
Parking
40 Spaces (5.79 Spaces per 1,000 SF Leased)
Frontage
139’ on Carrollton Ave
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Very walkable
80/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $264,949 CAD | |
| Land Assessment | $87,651 CAD | Total Assessment | $352,600 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$87,651 CAD
Improvements Assessment
$264,949 CAD
Total Assessment
$352,600 CAD
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Fast Stop Gas Station | 3411 S Carrollton Ave
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