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Net Leased Retail Space
For Sale
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Pending

2841 Magazine St, New Orleans, LA 70115

Tenant pays taxes and property insurance under a net lease in a dedicated retail building.

Property SizeContact for details
Days on Market123

Property Features for 2841 Magazine St

General Information

Standard status Pending
Property subtype Retail
Listing Agency: The McEnery Company
Listed By: Troy Hagstette · License #LA
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Aug 11 at 1:27PM

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 The McEnery Company

Investment Insights

Based on property information with market context.

This net leased retail property is occupied by Zele Nola, an indoor art market with over 100 local shops operating under one roof. The lease structure is net lease with the tenant responsible for taxes and property insurance, while the landlord is responsible for the roof and structure. Complete lease and financial information is available upon request.

The property is located at 2841 Magazine St in New Orleans, LA. Surrounding businesses include Starbucks, Ruby Slipper, Chipotle, Coquette, and Sake Cafe.

Please do not disturb the existing tenant.

Key Highlights

  • Net leased retail opportunity in a dedicated retail building
  • Tenant pays taxes and property insurance under the net lease
  • Landlord responsible for roof/structure

Property Analytics

Current Use

Zèle NOLA Department Store Jimmyrockit Department Store Soava (Bike/Boat/Book/etc) Store R O O ... (Bike/Boat/Book/etc) Store TAYLOR ANNE DESIGNS ... Art Studio

Suggested Use

Top Pick Daycare Center Electrical Service Computer & Electronic Repair (Bike/Boat/Book/etc) Store Accounting Firm 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.

Location Intelligence

Trade Area within ½ mile

2,656
Businesses Nearby
64k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 36% Groceries 35% Home Improvements & Furnishings 11% Shops & Services 10%
The Fresh Market Groceries
22,387 visits/mo 0.5 miles
Starbucks Dining
16,635 visits/mo 0.1 miles
Floor & Decor Home Improvements & Furnishings
6,964 visits/mo 0.1 miles
Chipotle Mexican Grill Dining
6,633 visits/mo 0.1 miles
Lush Cosmetics Beauty & Spa
5,387 visits/mo 0.2 miles

Demographics for 70115, LA

31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
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
Rey
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Similar Off Market Nearby

  • Shops of Magazine Street 2800-3349 Magazine St, New Orleans, LA 70115

Frequently Asked Questions

What type of property is this?
Shopping center - Tenant pays taxes and property insurance under a net lease in a dedicated retail building.
Where is this shopping center located?
The property is located at 2841 Magazine St New Orleans, LA.
What are key features of this property?
This property features: Net leased retail opportunity in a dedicated retail building; Tenant pays taxes and property insurance under the net lease; Landlord responsible for roof/structure
More about this property
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