4243 Canal St - Auto Repair FOR SALE


New Orleans, LA 70119- Mid-City
$1,500,000 USD
504-831-2363
4243 Canal St, New Orleans, LA for Sale
$1,500,000 USD
Auto Repair - FOR SALE
1/22
null | 7.48% Cap Rate

4243 Canal St
New Orleans, LA 70119
Mid-City


HIGHLIGHTS

  • Top 10 Meineke store in the country!
  • Pylon sign/signage
  • Dedicated turn lane
  • Nearby retailers include an upcoming Aldi, Rouses, Marshall's, and Petco
  • 6 bay doors and 8 parking spots

OVERVIEW

Top 10 Meineke store in the country! This single tenant net lease (STNL) investment features Meineke Car Care Center as the in-place tenant, offering investors a passive income asset with minimal landlord responsibilities. The property's layout supports Meineke's service operations, making this a stable, purpose-built hold for investors seeking a proven automotive use in an established corridor. With NNN lease terms in place, this asset appeals to buyers prioritizing stable, low-maintenance returns. Positioned along Canal St in New Orleans with access to the Canal streetcar and bus lines, this property sits within a dense, high-traffic retail corridor near Costco, Trader Joe's, and Chick-fil-A. The surrounding area also offers convenient access to pharmacies, restaurants, and a nearby library, further supporting steady foot and vehicle traffic through the immediate trade area.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$312 USD /SF

CAP RATE

7.48%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding, Storefront, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

C2

APN/PARCEL ID

2-06-2-088-21

ASK ABOUT THIS PROPERTY

Steven ReisigSRSA Commercial Real EstateMore Info
504-831-2363

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Steven ReisigSRSA Commercial Real EstateMore Info
504-831-2363

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