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TMobile+Navy Federal Credit Union | 100% Occ. 4140 General Degaulle Dr

5,575 SF 100% Leased Retail Building New Orleans, LA 70131 $2,544,753 CAD ($456 CAD/SF) 6.75% Cap Rate

Retail Buildings Louisiana New Orleans 4140 General Degaulle Dr, New Orleans, LA 70131

Investment Highlights

  • Tenants: T-Mobile, Navy Federal Credit Union, LA Nails
  • Located in 227,814 SF shopping center
  • New lease with Navy Federal Credit Union
  • 100% occupied multi-tenant outparcel
  • T-Mobile corporate backed lease

Executive Summary

Introducing the Algiers Plaza at 4100 General De Gaulle Dr, New Orleans, LA 70131 - a prime investment opportunity! This fully occupied multi-tenant outparcel offers a solid 6.75% cap rate, generating an NOI of $120,730. The property features tenants such as T-Mobile, Navy Federal Credit Union, and LA Nails. The property is part of a bustling 227,814 SF shopping center with top anchor tenants like Burlington, Ross, and T-Mobile, ensuring a stable income stream. With a strategic location near major thoroughfares and high traffic visibility, Algiers Plaza is just 5 miles from downtown New Orleans and close to key landmarks like the French Quarter. Additionally, a recent 7-year lease with Navy Federal Credit Union adds to the property's long-term appeal. Don't miss out on this corporate-backed lease opportunity in a high-demand retail hub, perfect for savvy investors looking for a secure and profitable asset.

Attachments

Algiers Plaza_TMobile Navy Federal & Spa OM

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,575 SF
Building Class
C
Year Built
2014
Price
$2,544,753 CAD
Price Per SF
$456 CAD
Cap Rate
6.75%
NOI
$171,828 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.19
Lot Size
0.68 AC
Zoning
C-2
Parking
22 Spaces (3.94 Spaces per 1,000 SF Leased)

Links

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4140 General Degaulle Dr, New Orleans, LA - aerial map view
Walk Score ®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
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Transit Score® measures access to public transit.
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of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
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Nearby Major Retailers

Buffalo Wild Wings
YouFit Gyms
PJ's Coffee of New Orleans
Planet Fitness
Rouses Markets
Chase Bank
Applebee's
Starbucks
Regions Bank
Hancock Whitney Bank

PROPERTY TAXES

Parcel Number 5-13-8-219-05 Improvements Assessment $2,103,976 CAD
Land Assessment $1,314,433 CAD Total Assessment $3,418,409 CAD

PROPERTY TAXES

Parcel Number
5-13-8-219-05
Land Assessment
$1,314,433 CAD
Improvements Assessment
$2,103,976 CAD
Total Assessment
$3,418,409 CAD
(559) 259-0254

Contacts

  • John Kourafas, CCIM
    John Kourafas, CCIM
  • Brett Visintainer
    Brett Visintainer
  • Steven Reisig
    Steven Reisig
  • Chris Robertson
    Chris Robertson

  • Listing ID: 33804988

  • Date on Market: 2024-11-08

  • Last Updated:

  • Address: 4140 General Degaulle Dr, New Orleans, LA 70131

The Retail Property at 4140 General Degaulle Dr, New Orleans, LA 70131 is currently available for sale. Contact Visintainer Group for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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4140 General Degaulle Dr, New Orleans, LA for sale Building Photo- Image 1 of 4
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4140 General Degaulle Dr, New Orleans, LA for sale Site Plan- Image 2 of 4
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4140 General Degaulle Dr, New Orleans, LA for sale Aerial- Image 3 of 4
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TMobile+Navy Federal Credit Union | 100% Occ. | 4140 General Degaulle Dr
(559) 259-0254 x

TMobile+Navy Federal Credit Union | 100% Occ. | 4140 General Degaulle Dr

1/4

John Kourafas, CCIM

(559) 259-0254

(559) 259-0254

Brett Visintainer

(559) 916-0370

(559) 916-0370

Steven Reisig

(504) 831-2363

(504) 831-2363

Chris Robertson

(504) 831-2363

(504) 831-2363

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