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.