3810 LA-22 - Freestanding FOR SALE


Mandeville, LA 70471
$3,050,000 USD
480-221-4221
3810 LA-22, Mandeville, LA for Sale
$3,050,000 USD
Freestanding - FOR SALE
1/9
null | 7.1% Cap Rate

3810 LA-22
Mandeville, LA 70471


HIGHLIGHTS

  • 47% 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 Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership), in a 47% leased, 2-tenant, freestanding building in Mandeville, Louisiana (New Orleans MSA). The current tenant, Chipotle, has over 3 years remaining on their current lease terms, and 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. The offering features a value-add opportunity for a future owner to lease-up the vacancy.

FOR SALE DETAILS

PRICE

$3,050,000 USD

PRICE/SF

$649 USD /SF

CAP RATE

7.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2-Tenant Retail | Chipotle NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

35

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 Notice.