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Napa Auto Parts 10150 I-10 Service Rd 10,200 SF Retail Building New Orleans, LA 70127 $942,857 ($92.44/SF) 7% 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
Broker of Record
Donnie Jarreau
License # License # BROK.995704351-CORP, BROK.32688-ACT (LA)
Jarreau Real Estate
16161 Perkins Road, Baton Rouge, LA 70810
(866) 889-0550
Donnie Jarreau
License # License # BROK.995704351-CORP, BROK.32688-ACT (LA)
Jarreau Real Estate
16161 Perkins Road, Baton Rouge, LA 70810
(866) 889-0550
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
10,200 SF
Building Class
C
Year Built/Renovated
1978/2014
Price
$942,857
Price Per SF
$92.44
Cap Rate
7%
NOI
$66,000
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
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
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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Videos
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Photos
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Napa Auto Parts | 10150 I-10 Service Rd
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