New Orleans Flex for Lease - Uptown/Garden District
Magazine Street Turn-Key Restaurant - Tenant Buyout Opportunity
Turn-key restaurant space on Magazine Street available via tenant buyout and lease transfer.
Operating as a successful restaurant for over 10 years, this space offers an incoming operator the rare chance to step into a fully built-out, proven location with existing infrastructure already in place.
Property Highlights
Established restaurant location on Magazine Street in New Orleans
Over 10 years of continuous restaurant operations in this space
Fully built-out commercial kitchen with existing hood, grease trap, and back-of-house infrastructure (details available upon request)
Dining room, service counter, and restrooms in place - ready for a quick rebranding and reopen
Ideal for fast-casual, full-service, or counter-service concepts looking to open quickly
Lease Overview
Current tenant seeking to vacate via tenant buyout / lease transfer
New operator to enter into lease with landlord (assignment or new lease; subject to landlord approval)
Competitive rental rate for the Magazine Street corridor; lease terms and exact rent to be discussed with qualified prospects
Strong visibility, walkable neighborhood, and established customer base in the area
Tenant Buyout Details
Current tenant is seeking a one-time payment in connection with:
Existing restaurant build-out and infrastructure
Included equipment and improvements (FF&E list to be provided during negotiations)
Buyout amount and scope of included items are negotiable, based on concept, credit, and timing
Ideal for operators who want to avoid long build-out timelines, permitting delays, and large upfront construction costs
Ideal Operator
Experienced restaurant group or operator with a clear concept and operating history
Ready to move quickly to secure a Magazine Street location with a proven 10-year restaurant track record
Strong financials and ability to obtain landlord approval
Contact
For more information, a list of included equipment, and details on the tenant buyout and lease terms, please reply with your concept, experience, and preferred timeline to learn more.
