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New Orleans Original Daiquiris 12411 US-90

2,277 SF Retail Building Luling, LA 70070 $1,690,011 CAD ($742 CAD/SF) 7% Cap Rate

Investment Highlights

  • Absolute Triple-Net (NNN) Lease | Zero Landlord Responsibilities
  • Rental Increases Of Three Percent (3.00%) Annually Beginning In 2030
  • Brand New Twenty (20)-Year Lease | Approximately 19.6 Years Remaining | Four (4), Five (5)-Year Options

Executive Summary

NNN Pro is pleased to present the exclusive listing for a New
Orleans Original Daiquiris located at 12411 US-90, Luling, LA
70070. The site consists of roughly 2,277 rentable square feet of
building space on an estimated 1.18-acre parcel of land. This New
Orleans Original Daiquiris is subject to a 19.6-year Triple Net
(NNN) lease, which commenced 7/1/2024. The current annual
rent is $84,219 and has scheduled increases of 3.00% annually
starting in Year 7.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Retail
Building Size
2,277 SF
Building Class
C
Year Built
1994
Price
$1,690,011 CAD
Price Per SF
$742 CAD
Cap Rate
7%
NOI
$118,301 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Land Acres
1.18 AC
Parking
13 Spaces (5.71 Spaces per 1,000 SF Leased)
Frontage
392 ft on U.S. 90

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
-7- 539 00B GV-1A
Land Assessment
$34,628 CAD
Improvements Assessment
$28,993 CAD
Total Assessment
$63,622 CAD
  • Listing ID: 33939735

  • Date on Market: 2024-11-20

  • Last Updated:

  • Address: 12411 US-90, Luling, LA 70070

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