Convenience Store | New Orleans, LA
Sands Investment Group is Pleased to Exclusively Offer For Sale the Convenience Store Investment Property Located at 5855 Chef Menteur Highway in New Orleans, Louisiana.
- Brand New 17 Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
- 2% Annual Rent Increases With Four 5-Year Options
- Established Operator of Convenience Stores in Louisiana & Texas That Currently Operates 40+ Locations
- Strong Store Performance – 2.30x Rent Coverage
- Excellent Visibility From Chef Menteur Hwy and Downman Road With Multiple Points of Ingress and Egress
- Over 33,300 VPD Travel Along Chef Menteur Hwy
- Signalized Corner Location Located in Dense Trade Area
- Strong Demographics – Over 200,700 Residents Live Within a 5-Mile Radius
- Close Proximity and Access to Major Thoroughfares – I-510, I-10 and U.S. Route 90
- Located Less Than 5-Miles From the French Quarter and Superdome Which are Major Tourist Attractions in New Orleans; More That 19 Million Visitors Travel to New Orleans Annually
- Nearby Tenants Include: Domino’s, Super 8, Rainbow, Wendy’s, Taco Bell, Walmart, Raising Cane’s, Burger King, McDonald’s, Popeyes, Dollar General and More
In Cooperation With Sands Investment Group Louisiana, LLC
Lic. # BROK.0995702111-CORP
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