NAPA Auto Parts | New Orleans, LA
Sands Investment Group is Pleased to Present Exclusively For Sale the 10,000 SF NAPA Auto Parts NN Lease Investment Opportunity Located at 10150 I-10 Service Road in New Orleans, Louisiana. This Opportunity Features a Tenant That Has a Long-Term History at This Site With Below Market Rents.
- Triple Net (NNN) Lease Allows For a Passive Investment With Minimal Landlord Responsibilities
- Corporate Guarantee From Genuine Parts Company Which is the Largest Global Auto Parts Network
- Tenant Has a Long Term History at This Location Operating Since 2014
- Below Market Rent
- 10% Rent Increase at Option
- One of Two (2) NAPA Auto Part Stores in All of New Orleans, Showing Its Importance as a Store to the Company
- Essential Business – Open Throughout the Pandemic
- NAPA Auto Parts Historically Performs Very Well in Recessionary Environments Due to Increase in Age of Vehicles and DIY Repairs
- Excellent Access and Visibility Along I-10 With Over 98,274 Vehicles Per Day
- Over 82,645 Residents Making an Average Household Income of $51,258 Within a 5-Mile Radius
- Nearby Tenants Include: Best Western, McDonald’s, CVS Pharmacy, Popeyes, Life Storage, Walmart Supercenter, Big Lots, Hibbett Sports and Many More
In Cooperation With Sands Investment Group Louisiana, LLC Lic. # BROK.0995702111-CORP
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