Hwy. 59 & I-12 Mandeville, LA 70471 | Mandeville (New Orleans MSA), LA 70471
Property Details
-
Price:
$2,160,000
-
Property Type:
Retail
-
Availability:
Available
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Transaction Type:
For Sale
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Cap Rate:
5.50%
-
Lot Size:
0.77 AC
-
Lease Type:
Single Tenant NNN
-
Year Built:
2023
-
Parking:
30
-
Tenancy:
Single Tenant
-
Available SF:
2,247 SF
-
Year Built:
2023
Property Description
- New 10-Year Lease, Minimal Landlord Responsibilities
- Brand New 2023 Construction with Drive-Thru, Latest Prototype Design
- Part of New Orleans–Metairie MSA, the Largest Metropolitan Area in Louisiana with Over 1.27M People
- Excellent Access and Visibility Off Highway 59 with 25,000 VPD, Direct Access to New Orleans (40 Miles)
- 72,001 Residents in Affluent Trade Area with an Average Household Income of $117,434
- Strong Daytime Population of 74,436
- Adjacent to Church of King, a $40M Campus with 2,650-Seat Auditorium, 7,500 Average Weekend Attendance
- Just Off I-12 with 71,014 Cars/Day, Providing Direct Access to Baton Rouge (71 Miles)
- Surrounded by Several K-12 Schools with 12,764 Combined Students
- Dozens of National Tenants Nearby Including Walmart, Home Depot, Lowe’s, T.J. Maxx and More
- 42 Colleges within 100 Miles of Mandeville Enrolling a Total of 179,625 Students
Financial Summary
Investment Highlights
| Price |
$0.00 |
| Price / Unit |
$0.00 |
| Gross Rent Multiplier |
0.00 |
| Proposed Loan Amount |
$0.00 |
| Initial Investment |
$0.00 |
Income & Expenses
Expense
|
Potential
|
Current
|
Total Expenses
|
$ 0.00
|
$ 0.00
|
| Net Operating Income |
$0.00 |
$0.00 |
| Less Debt Service |
$0 |
$0 |
| Potential Net Cash Flow |
$0.00 |
$0.00 |
| Cash on Cash Return |
0.00 % |
0.00 % |
| Capitalization Rate |
0.00 % |
0.00 % |
Rent Roll
Unit
|
BR/BA
|
Current Monthly Rent
|
Potential Monthly Rent
|
Status
|
Lease Expires
|
Totals
|
$ 0.00
|
$ 0.00
|
