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    310 E Main St Gramercy, LA 70052

    For Sale
    $499,000

    Single tenant NNN investment property with long-term tenancy history.

    Lot size:
    0.35 Acres

    Property Features for 310 E Main St

    General Information

    Lot size
    0.35 Acres

    Source: ben + burka Agent Aaron Kazanoff

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Gramercy Retail Investment Opportunity

    Located at 310 E Main Street in Gramercy, Louisiana, this property presents a stabilized single-tenant NNN investment opportunity. The tenant, Variety Wholesalers (operating as Roses Express), has a strong tenancy history at this site since 1989 and operates hundreds of stores nationwide. Variety Wholesalers recently announced plans to purchase an additional 200-400 former Big Lots stores throughout the nation. The lease was recently extended for a new 5-year term in 2021, and the tenant has no plans of relocating. The property encompasses nearly 15,000 square feet and features ample off-street parking and a strong street presence along Main Street. A new roof was installed around 2022, and the building underwent a major renovation after Hurricane Ida to modernize and repair it. The tenant is currently paying $38,500 per year plus NNN, in addition to a percentage rent which has recently averaged approximately $1,200 per year. The site is located in Gramercy and provides one of the only shopping outlets in the area. Gramercy is located between New
    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.

    Similar Places Nearby

    Flower Basket of Lutcher

    Location Insight

    • Map
    • Local Demand
    City
    Gramercy
    County
    St. James
    State
    Louisiana
    Longitude
    -90.69182
    Latitude
    30.0466294

    Nearby Similar for Sale

    • $525,000
      14,000 SF

      Gramercy Commercial Investment Opportunity

      Stable NNN Lease, High-Traffic Location
      310 Main St, Gramercy, LA 70052
      View Details
    • $225,000
      1,502 SF

      Gramercy Commercial Building - Main St

      Move-in ready, renovated commercial space.
      224 Main St, Gramercy, LA 70052
      View Details

    FAQs

    What type of property is this?
    Storefront property - Single tenant NNN investment property with long-term tenancy history.
    Where is this storefront property located?
    The property is located at 310 E Main St Gramercy, LA.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Stabilized NNN investment property with a long-term tenant (Variety Wholesalers/Roses Express) since 1989.; - Recently extended 5-year lease term (2021) with no plans for tenant relocation.; - Tenant is a large national retailer with plans to expand.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    310 E Main St Gramercy, LA 70052
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