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NAPA Auto Parts 10150 I-10 Service Rd 10,000 SF Retail Building New Orleans, LA 70127 $999,999 ($100.00/SF) 6.61% Cap Rate
Investment Highlights
- NN Lease to Genuine Parts Company (NAPA) | 5 Years Remaining + 2 (5) Year Options
- Only NAPA store in New Orleans, Lousiana
- Strategically located Right Off Highway I-10
- Corporate Guarantee | Tenant Has Already Renewed Twice
- Drastically Low Rent
- Surrounded by Retail/Hospitality/Industrial
Executive Summary
100% leased retail investment opportunity.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
C
Year Built/Renovated
1978/2014
Price
$999,999
Price Per SF
$100.00
Cap Rate
6.61%
NOI
$66,057
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.92 AC
Zoning
C - Commercial
Parking
12 Spaces (1.2 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Freeway Visibility
- Pylon Sign
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 3-9W-0-163-75 | Improvements Assessment | $102,750 |
| Land Assessment | $24,000 | Total Assessment | $126,750 |
Property Taxes
Parcel Number
3-9W-0-163-75
Land Assessment
$24,000
Improvements Assessment
$102,750
Total Assessment
$126,750
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NAPA Auto Parts | 10150 I-10 Service Rd
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