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- LoopNet Team
1-15 Westbank Expy
Westwego, LA 70094
Great 1031 Investment - 14 min from downtown · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- prominent corner lot
- Value Add Pro Forma ~8.96% Cap Rate
- 7.6% Cap Rate
- Sales reports show strong and consistent revenue and are available upon request.
- Open during COVID
PROPERTY FACTS
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
ABOUT 1-15 WESTBANK EXPY , WESTWEGO, LA 70094
A prominent corner lot situated on the corner of Westbank Expressway and Louisiana Street in Westwego, LA, the subject property contains a 11,630 SF retail building anchored by a 9,180 Family Dollar, with an additional 2,450 SF retail space. Family Dollar has five (5) years remaining on the primary lease term. There are six (6), five (5) year renewal options remaining with a rent increase of 10% at each renewal. Sales reports show strong and consistent revenue and are available upon request. It is offered for $1,690,000 which is an 7.6% Current Cap Rate and Value Add Pro Forma 8.96% Cap Rate.
PROPERTY TAXES
| Parcel Number | 0100006154 | Improvements Assessment | $4,187,560 |
| Land Assessment | $208,970 | Total Assessment | $4,396,530 |
PROPERTY TAXES
