Hwy. 59 & I-12 Mandeville, LA 70471 | Mandeville (New Orleans MSA), LA 70471
Property Details
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Price:
$2,160,000
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Property Type:
Retail
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Availability:
Available
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Transaction Type:
For Sale
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Cap Rate:
5.50%
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Lot Size:
0.77 AC
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Lease Type:
Single Tenant NNN
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Year Built:
2023
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Parking:
30
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Tenancy:
Single Tenant
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Available SF:
2,247 SF
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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
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Net Operating Income |
$0.00 |
$0.00 |
Less Debt Service |
$0 |
$0 |
Potential Net Cash Flow |
$0.00 |
$0.00 |
Cash on Cash Return |
0.00 % |
0.00 % |
Capitalization Rate |
0.00 % |
0.00 % |
Rent Roll
Unit
|
BR/BA
|
Current Monthly Rent
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Potential Monthly Rent
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Status
|
Lease Expires
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Totals
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$ 0.00
|
$ 0.00
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