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Hwy. 59 & I-12 Mandeville, LA 70471 | Mandeville (New Orleans MSA), LA 70471
For Sale

Confidentiality Agreement

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Property Details

  • Price: $2,160,000
  • Property Type: Retail
  • Availability: Available
  • Transaction Type: For Sale
  • 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

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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

Income
Potential
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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

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