Single tenant Investment NNN

Retail-Commercial for Sale
Catylist Listing ID: 30022202
Property Subtypes: Free-Standing Building
Building Size (RSF): 1,450 SF
Sale Price: See Agent
Ceiling: 11 ft.
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: 701 N.Broadpool
Usable Size (USF): 1,450 SF
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 3/17/2018

Overview / Comments

Medical office

Current Tenants

Tenant Business Name Dentist Office
Lease Expiration 8/2026
Escalations yr. 3-5 $2400.00 Month
Options yr 6-8 $2600.00 Month (5 year option period) yr.9-10 $2800.00 Month

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: MidCity/City Park
Taxing Authority: Orleans
Tax ID/APN: 41021304
Property Located Between: Orleans Ave and St Peter st.
Property Visibility: Excellent
Largest Nearby Street: Orleans Ave
Feet of Frontage: 27
Airports: New orleans
Area Description: Mid City neighborhood
Tenancy: Single Tenant
Number of Stories: 1
Typical SF / Floor: 1 SF
Property Condition: Excellent
Year Renovated: 2016
Construction/Siding: Brick
Exterior Description: See picture
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Dental office
Zoning Description: Neighborhood commercial
Lot Frontage: 27
Lot Depth: 70
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 30,644 198,091 376,290
Median Age: 35.19 36.25 36.92
Households: 12,143 85,775 161,551


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