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421 Almedia Rd 0.19 Acres of Commercial Land Offered at $3,900,000 in Saint Rose, LA 70087
Investment Highlights
- Fully stabilized NNN investment with an established national tenant for over 12 years.
- Dedicated outdoor lighting and 1,000 SF office on-site.
- Located less than a mile from I-310 and minutes to I-10, ensuring excellent regional access.
- Zoned M-1 (Light Industrial) suitable for outdoor storage, commercial, and industrial uses.
Executive Summary
This 9.92-acre M-1 zoned industrial outdoor storage property presents a stabilized, income-generating investment within St. Charles Parish. Currently fully leased to Enterprise Rent-A-Car under a long-standing triple net (NNN) arrangement, the site delivers reliable cash flow with the tenant responsible for taxes, insurance, and maintenance. The asset's mission-critical proximity to Louis Armstrong New Orleans International Airport (MSY) supports ongoing demand for vehicle storage and logistics operations in one of the region's most active industrial submarkets.
The property combines favorable lease terms with income stability, featuring a tenant in occupancy for more than 12 years and a structure that includes periodic NOI increases. Frontage along US Hwy 61 and convenient access to I-310 and I-10 ensure seamless regional connectivity, positioning this site for continued operational and financial security. With its outdoor lighting, on-site office, and M-1 zoning that accommodates broad industrial uses, this property represents a hands-off, long-term investment opportunity in a high-demand corridor.
The property combines favorable lease terms with income stability, featuring a tenant in occupancy for more than 12 years and a structure that includes periodic NOI increases. Frontage along US Hwy 61 and convenient access to I-310 and I-10 ensure seamless regional connectivity, positioning this site for continued operational and financial security. With its outdoor lighting, on-site office, and M-1 zoning that accommodates broad industrial uses, this property represents a hands-off, long-term investment opportunity in a high-demand corridor.
Property Facts
1 Lot Available
Lot
| Price | $3,900,000 | Lot Size | 0.19 AC |
| Price Per AC | $20,527,396.18 |
| Price | $3,900,000 |
| Price Per AC | $20,527,396.18 |
| Lot Size | 0.19 AC |
8,276
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 550103939A-1 | Improvements Assessment | $0 |
| Land Assessment | $53,550 | Total Assessment | $53,550 |
Property Taxes
Parcel Number
550103939A-1
Land Assessment
$53,550
Improvements Assessment
$0
Total Assessment
$53,550
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