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3200 Division Street, Metairie, LA

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3200 Division Street

Metairie, LA 70002 - Airport/Metairie/Kenner Submarket

Property Type:Retail Sub Type:Auto Repair Status:Existing Year Built:2011
Building Size:9,500 SF Land Area:1.07 AC (46,479 SF)
For Sale Price:$4,551,000 Price/SF:$479.05
Cap Rate:6.50 %
Parking:Free Surface spaces are available; Ratio of 1.89/1,000 SF
Features:Dedicated Turn Lane, Pylon Sign, Signage

Sale Notes:
Build to suit, single-tenant facility 100% leased to Goodyear. Built in 2011, the tenant signed an original fifteen (15) year lease which expires in August 2026 - ten (10) years of lease term remain. The lease is NN in nature with Landlord responsible for roof, structure, and parking lot replacement. The lease is corporately guaranteed by The Goodyear Tire and Rubber Company (BB/stable rated by Standard & Poor's).

Newmark Knight Frank
Lispah Hogan, CCIM
(713) 490-9994

Newmark Knight Frank
Andy Gallas
(312) 224-3160

Gino Tabbi
(312) 224-3234

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