Gramercy Retail Investment
310 E Main St Gramercy, LA
For Sale
Contact for pricing
Single tenant NNN investment property with long-term tenancy history.
Lot Size0.35 Acres
Days on Market554
Property Features for 310 E Main St
General Information
- Standard status
- Active
- Lot size
- 0.35 Acres
- Property subtype
- RETAIL
Listing Agency:
ben + burka
(512) 799-3069
Listed By:
Aaron Kazanoff · License #0995700882
(512) 799-3069
Source:
Moodyscre
Added: Jan 17, 2025
Changed: Jul 6
Last Checked: Jul 21 at 8:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ben + burka
Investment Insights
Based on property information with market context.
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
Key Highlights
- 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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rose's Discount Store
Discount Store
Rose's Discounts
Department Store
Similar Off Market Nearby
- Flower Basket of Lutcher — 1940 W Main St, Lutcher, LA 70071
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.
