3022 Holiday Dr - Storefront FOR SALE


New Orleans, LA 70131- Old Aurora
$4,828,846 USD
559-259-0254
3022 Holiday Dr, New Orleans, LA for Sale
$4,828,846 USD
Storefront - FOR SALE
1/3
null | 6.5% Cap Rate

3022 Holiday Dr
New Orleans, LA 70131
Old Aurora


HIGHLIGHTS

  • Burlington just signed a 10-year NNN lease in November 2024
  • Minimal landlord responsibility
  • Center is anchored by national and regional brands

OVERVIEW

Introducing Burlington, a prime STNL investment opportunity located at 3022 Holiday Drive, New Orleans, LA. Boasting a solid 6.50% CAP rate, this 20,250 SF STNL property is part of Algiers Plaza, a bustling retail center in New Orleans hosting major anchor tenants like Winn-Dixie, Ross, and TJ Maxx. With a diverse mix of fast-food, daily necessities, and service providers, the center enjoys high visibility on three major roads and convenient access points. Burlington recently moved into the center, operating under a secure 10-year lease, further enhancing the property's value. Situated just 5 miles from downtown New Orleans and close to key landmarks such as the New Orleans International Airport and the French Quarter, this property offers a lucrative investment opportunity with minimal landlord responsibilities.

FOR SALE DETAILS

PRICE

$4,828,846 USD

PRICE/SF

$238 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

STNL Burlington | Algiers Plaza | New Orleans

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.73 AC

LAND SF

75,359 SF

ZONING

C-2

APN/PARCEL ID

5-13-8-219-05

ASK ABOUT THIS PROPERTY

John Kourafas, CCIMVisintainer GroupMore Info
559-259-0254

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John Kourafas, CCIMVisintainer GroupMore Info
559-259-0254

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.