5855 Chef Menteur Hwy | New Orleans, LA 70126
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5855 Chef Menteur Hwy
New Orleans, LA 70126
C-Store - New Orleans, LA · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- This Deal Features an Absolute Triple Net Lease For 12+ More Years, Placing All Responsibility on the Tenant (Zero Landlord Responsibility)
- The Lease is Guaranteed Corporately By Kings Oil and a Personal Guarantee
- Located Less Than 5-Miles From the French Quarter and Superdome Which Are Major Tourist Attractions in New Orleans
- The Lease Incorporates 2% Annual Rent Escalation, Allowing the Landlord to Benefit From the Growth in Property Value
- This Site Has Approximately 200,000 Residents Living Within a 5-Mile Radius & Benefits From a High Traffic Count of Over 35,000 VPD
- C-Store Investments Offer Increased Depreciation Expenses Providing For a Major Tax Incentive (Consult Your CPA)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
768 SF
Building Class
C
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.52 AC
Zoning
commercial - Commercial
Parking
20 Spaces (26.04 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 3-9W-9-214-26 | Improvements Assessment | $310,569 |
| Land Assessment | $16,182 | Total Assessment | $326,751 |
PROPERTY TAXES
Parcel Number
3-9W-9-214-26
Land Assessment
$16,182
Improvements Assessment
$310,569
Total Assessment
$326,751
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