Building Details

Tenancy Multi

Listing Agency: SRSA Commercial Real Estate

Listed By: Steven Reisig · License #LA 0000014916 Show Phone

Source: Crexi

Added: Apr 11 Changed: Sep 2 Last Checked: Sep 1 at 11:14AM

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Investment Insights

Based on property information with market context.

This offering is a ground floor retail condo unit within a multi-story garage and entertainment complex. The top floor is a Dave & Buster’s condo unit that has been sold, while floors two through five are a parking garage component that remains with the developer. The ground floor retail condo unit is 17,270 square feet and benefits from limited exposure to the elements due to the garage above. Exterior and common area maintenance is handled by the condo association, and those costs are billed back through condo association dues, which can be passed through as CAM.

The unit includes 15 ground floor parking spaces that are deeded to the retail condo owner and become part of the retail condo unit. The tenant roster includes Chick-fil-A, Stumpy’s Hatchet House, Hurts Donut’s, and Barrows Catfish, each described in the remarks with remaining lease term and renewal options.

Key Highlights

• 17,270 SF ground floor retail condo unit within a multi‑story garage and entertainment complex
• 15 deeded ground floor parking spaces included with the retail condo unit for tenant use and revenue in the pro forma
• NNN structure: condo association pays for exterior and common area maintenance, billed back as condo dues and pass‑through as CAM to tenants

Property Analytics

Property Profile

Current Use

Stumpy's Hatchet House Family Recreation Center Platinum Parking Lot ... Parking Lot & Garage Dave & Buster's New ... Restaurant Chick-fil-A Restaurant 1200 Poydras St. ... Parking Lot & Garage

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Home Appliance Store Veterinary Clinic Electrical Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

10,235

Businesses Nearby

316k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Hotels & Casinos 65% Groceries 16% Dining 10% Apparel 4%

The Ritz-Carlton, New Orleans Hotels & Casinos

59,768 visits/mo 0.5 miles

Rouses Market Groceries

49,050 visits/mo 0.3 miles

Holiday Inn New Orleans-Downtown Superdome Hotels & Casinos

20,500 visits/mo 0.2 miles

Hampton Inn & Suites New Orleans Downtown Hotels & Casinos

15,344 visits/mo 0.4 miles

IHOP Dining

14,450 visits/mo 0.5 miles

Demographics for 70113, LA

8,569

Population

5,512

Households

1.6

Avg Household Size

37

Median Age

27%

College-Educated

74%

High-School Grad

0.9 sq mi

ZIP Area

9,521

Density / Sq Mi

$36,897

Median Household Income

$31,126

Median Earnings

$960

Median Rent

$258,500

Median Home Value

Market

Vacancy Rate% for Retail in New Orleans, LA

5.5% 2019

7.2% 2020

5.7% 2021

4.3% 2022

3.6% 2023

3.9% 2024

6.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Ground floor retail condo within a multi-story garage and entertainment complex, with 15 deeded parking spaces.

Where is this retail space located?

The property is located at 1200 Poydras St New Orleans, LA.

What are key features of this property?

This property features: 17,270 SF ground floor retail condo unit within a multi‑story garage and entertainment complex; 15 deeded ground floor parking spaces included with the retail condo unit for tenant use and revenue in the pro forma; NNN structure: condo association pays for exterior and common area maintenance, billed back as condo dues and pass‑through as CAM to tenants