For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

310 Main St Gramercy, LA 70052

For Sale
$525,000

Stable NNN Lease, High-Traffic Location

Property size:
14,000 SF

Description

Added:
Feb 3, 2025
Days on Market:
308
This exceptional investment property, located at 310 E Main Street in Gramercy, Louisiana, presents a rare opportunity to acquire a stabilized, single-tenant NNN investment. The nearly 15,000 square foot building is currently leased to Variety Wholesalers (operating as Roses Express), a national retailer with a long-standing presence at this location since 1989. The tenant recently extended their lease for a five-year term in 2021 and shows no signs of relocating, further solidifying the investment's stability. Variety Wholesalers' recent announcement of acquiring additional stores nationwide underscores their continued growth and commitment to this location. The property boasts ample off-street parking and excellent street visibility on Main Street. Significant improvements have been made, including a new roof installed around 2022 and extensive renovations following Hurricane Ida to modernize and repair the building. The current annual lease payment is $38,500 plus NNN expenses, supplemented by an average annual percentage rent of approximately $1,200. Situated in Gramercy, between New Orleans and Baton Rouge, directly on the Mississippi River, this property serves as a vital shopping destination in the area. This is a strong, cash-flowing investment with a proven track record and significant upside potential.

Property Features for 310 Main St

General Information

Property type
Other commercial real estate
Square Feet
14,000 SF

Building Details

Year Built
1960

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Rose's Discount Store Discount Store Rose's Discounts Store

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Gramercy
County
St. James
State
Louisiana
Longitude
-90.68791
Latitude
30.04799

FAQs

What type of property is this?
Commercial real estate - Stable NNN Lease, High-Traffic Location
Where is this commercial real estate located?
The property is located at 310 Main St Gramercy, LA.
What is the asking price?
The asking price for this property is $525,000.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message