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Burger King 512 City Park Ave 2,800 SF of Retail Space Available in New Orleans, LA 70119
HIGHLIGHTS
- Monument signage
- Good visibility
- Dedicated parking spaces
- Interstate access
- University, traveler, resident traffic
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,800 SF | Negotiable | $61.50 CAD/SF/YR $5.13 CAD/SF/MO $172,205 CAD/YR $14,350 CAD/MO | Triple Net (NNN) |
1st Floor
2,800 sf restaurant with conditional use drive-thru
- Lease rate does not include utilities, property expenses or building services
- Space is an outparcel at this property
- Central Air Conditioning
- Kitchen
- Drive thru
- Dedicated parking
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 2,800 SF | Gross Leasable Area | 2,800 SF |
| Property Type | Retail | Year Built | 1989 |
| Property Subtype | Fast Food | Parking Ratio | 12.86/1,000 SF |
| Total Space Available | 2,800 SF |
| Property Type | Retail |
| Property Subtype | Fast Food |
| Gross Leasable Area | 2,800 SF |
| Year Built | 1989 |
| Parking Ratio | 12.86/1,000 SF |
ABOUT THE PROPERTY
This quick-serve restaurant located in the Park Avenue Place retail center was formerly occupied by Burger King who operated a drive thru using a conditional use permit. The building can be utilized by another restaurant or redeveloped as a coffee shop, branch bank, or other retail use. Directly across the street from Delgado Community College, it is just a few blocks from City Park as well as approximately one mile from connection with the I-10. Easily accessible from the interstate as well as various major thoroughfares in the city, this is an ideal location. The 2,800-sf building occupies 27,672 sf of land in the same retail center with local favorite restaurant MoPho and both Army and Airforce Reserve offices. This is an active site, attracting residents, tourists, and college students. Do not disturb tenant. Available May 10, 2024.
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
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Burger King | 512 City Park Ave
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