1200 Poydras St New Orleans, LA 70113

Listing agency SRSA Commercial Real Estate

Listed by Steven Reisig · License #LA 0000014916

Source Crexi

Added: Apr 11 Updated: Jul 20 at 3:51PM Checked: Jul 21 at 6:57AM

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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

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FAQs

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