3810 LA-22 - Freestanding FOR SALE


Mandeville, LA 70471
$3,400,000 USD
480-221-4221
3810 LA-22, Mandeville, LA for Sale
$3,400,000 USD
Freestanding - FOR SALE
1/9
null | 6.36% Cap Rate

3810 LA-22
Mandeville, LA 70471


HIGHLIGHTS

  • 100% Leased, 2-Tenant Retail | NNN Leases | Rental Increases in Option Periods | Established Brands
  • Strategically Located Along LA-22 (28,500 VPD) | Excellent Visibility & Access | Large Pylon Sign
  • Outparcel to Grocery Anchored Center | Dense Retail Corridor | Strong National/Credit Tenant Presence
  • Direct Consumer Base | Affluent Community | New Orleans MSA | Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership), in a 100% leased, 2-tenant, freestanding Chipotle & Maxem Urgent Care building in Mandeville, Louisiana (New Orleans MSA). The tenants, Maxem Urgent Care and Chipotle, have over 2 and 4 years of firm term remaining on their current lease terms, respectively. Both leases feature options to extend with rental increases, growing NOI and hedging against inflation (see page 18 for details). Chipotle Mexican Grill is a publicly-traded (NYSE: CMG) Fortune 500 Company with approximately 3,800 locations. Maxem Urgent Care is an established urgent care provider with 18 locations across Mississippi and Louisiana. Both tenants operate under NNN leases, making this an ideal, low-management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$723 USD /SF

CAP RATE

6.36%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2-Tenant Retail | NNN Leases | 100% Occupied

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

B2

APN/PARCEL ID

57417

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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