4119 Magazine St New Orleans, LA 70130
Prime NNN retail investment property on Magazine Street for sale.
Lot size:
0.10 AcresProperty Features for 4119 Magazine St
General Information
- Lot size
- 0.10 Acres
Source:
Moodyscre
Listing Agent: Aaron Kazanoff
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Magazine Street NNN Investment Opportunity
Located on Magazine Street, this property presents an NNN investment opportunity in the Magazine Street commercial corridor. The property is occupied by Buffalo Exchange since 2015, with over five years remaining on a recently renewed lease. The lease includes annual 2.75% rental increases beginning in November. The corporately guaranteed NNN lease requires ownership to maintain only the roof and structure. A new roof was installed after Hurricane Ida. The property features high ceilings, abundant natural light, strong street presence, and ample mezzanine office and meeting space, offering a retail environment. It is surrounded by a mix of local and national retailers, restaurants, and businesses, including Waxing the City, Shaya, Neal Auction, Kiehl’s, Warby Parker, Indochino, Free People, and Untuckit. The property is situated in one of New Orleans’ retail corridors, known for its demographics and foot traffic.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
The Joy of Wellness
Reiki Therapist
Buffalo Exchange
Used Clothing Store
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.0985476
- Latitude
- 29.9213244
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FAQs
What type of property is this?
Retail space - Prime NNN retail investment property on Magazine Street for sale.
Where is this retail space located?
The property is located at 4119 Magazine St New Orleans, LA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: - NNN lease with over five years remaining and corporately guaranteed.; - Located in a high-traffic, vibrant retail corridor on Magazine Street.; - Tenant (Buffalo Exchange) has occupied the property since 2015.