Single Tenant Kay Jewelers

Retail-Commercial for Sale
Catylist Listing ID: 30264622
Property Subtypes: Retail-Pad
Building Size (RSF): 2,400 SF
Gross Land Area: 1 Acre
Sale Price: $1,628,000
Unit Price: $678.33 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Kay Jewelers
Sale Terms: Cash to Seller
Cap Rate: 6.2%
Last Updated: 4/13/2018

Overview / Comments

Stirling Properties in conjunction with SRS National Net Lease Group is pleased to offer the rare opportunity to acquire the fee simple interest (land & building) in a NN leased, corporate guaranteed, Kay Jewelers located in Chalmette. The lease has approximately 9.5 years remaining with 2 (5-year) options to extend. The lease features 10% rental increases in year 6 of the initial term and in each option period.

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Saint Bernard
Submarket/Township: St Bernard Parish
Property Visibility: Excellent
Site Description: The property sits on a main retail corridor in front of a 24 hour Walmart Supercenter.
Area Description: Other area retailers include: Home Depot, Big Lots, Winn-Dixie, Raising Cane's, Capital One and Verizon.
Tenancy: Single Tenant
Property Condition: Excellent
Year Built: 2017

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,198 61,793 211,960
Median Age: 32.3 35.06 35.84
Households: 3,380 23,505 83,565

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