Starbucks

File Photo

3400 Holiday Dr
New Orleans, LA

Price: $2,760,000
Cap Rate: 5%
NOI: $138,006
Building Size: Approx. 2,200 Sq. Ft.
Lot Size: Approx. 0.62 Acres
Status: Available
Type: Single-Tenant / Retail
Sub Category: QSR
Year Built: 2018

Investment Overview

  • 2018 Construction. 2,200+/- SF Building on .62+/- Acre Site
  • New 10 Year Corp Lease w/ 10% Rent Bumps Every 5 Years
  • Located along Holiday Dr (32K VPD) & General De Gaulle Dr (56K VPD)
  • Adjacent to Applebee’s | Near Winn-Dixie, KFC, Popeye’s, McDonalds
  • Subject property is located near the heart of multiple well known districts
  • Near Oakwood Center, a 952K SF regional mall | 5-Miles SE of Downtown
  • Attractions: Bourbon St | Garden District | French Quarters (Mardi Gras)
  • Ranks Top 10 Tourist Destinations in the U.S (10.45M FY 2016) –NOLA.com
  • Top Employers: LA State Univ. Health | Northrop Grumman Shipping Sys.
  • 3-Mile Radius: 2017 Est Pop: 107,452 l 3-Mile Avg. HH Income:  $59,766
  • New Orleans is the largest city in the state & is a major port in the U.S