Leased Bar and Entertainment
2231 Saint Claude Avenue New Orleans, New Orleans, LA 70117
Fully leased bar with live entertainment operations and recent tenant improvements under a Triple NNN structure.
Property size:
5,112 SFPrice / SF:
$215/SF- Added:
- Jun 28, 2026
- Days on Market:
- 10
- Last Refresh:
- Jul 1 at 3:13 am
Property Features for 2231 Saint Claude Avenue New Orleans
General Information
- Standard status
- Active
- Size
- 5,112 SF
Building Details
- Year Built
- 1980
Listing office (985) 777-4181
Listing date Jun 28, 2026
Source Reachres
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 Mirranda Dunn
HighLights
- Commercial asset built in 1980, fully leased to Emporium Arcade Bar with the tenant occupying 100% of the building
- Triple NNN lease; currently in Year 5 of an initial 10‑year term with the tenant to remain in place
- Tenant operates an active bar and live entertainment permit for on‑site hospitality and entertainment use
- Capital improvements and tenant buildout completed between 2021–2022 to modernize the property
- In‑place performance listed at a 5.96% cap rate, with built‑in rental escalations projecting a 6.91% cap rate
Overview
2231 Saint Claude Avenue is a single-tenant, income-producing hospitality property fully occupied by Emporium Arcade Bar. The building is operated under an active bar and live entertainment permit, and the tenant currently occupies 100% of the structure. The property is managed under a Triple NNN lease and is in Year 5 of an initial 10-year term.
The offering is presented as a stabilized investment with the tenant remaining in place. The public remarks also note that extensive capital improvements and tenant buildout were completed between 2021 and 2022, supporting a modernized facility and helping reduce near-term landlord capital exposure.
From an investor perspective, the asset is positioned for buyers looking for a passive, specialized, single-tenant net lease scenario with an established operator and in-place income. Business operations are not included in the sale. Full 3D virtual tours are available for review.
The offering is presented as a stabilized investment with the tenant remaining in place. The public remarks also note that extensive capital improvements and tenant buildout were completed between 2021 and 2022, supporting a modernized facility and helping reduce near-term landlord capital exposure.
From an investor perspective, the asset is positioned for buyers looking for a passive, specialized, single-tenant net lease scenario with an established operator and in-place income. Business operations are not included in the sale. Full 3D virtual tours are available for review.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $98.2k | $19.20 |
| − Vacancy | −$2.0k | −$0.38 |
| EGI | $96.2k | $18.82 |
| − OpEx | −$24.0k | −$4.70 |
| NOI | $72.1k | $14.11 |
5,112 SF · lease $19.20/SF/yr · vacancy 2.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.03M
$901.8K – $1.20M
NOI $72,141 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $90,951 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Bars & Pubs
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.0557329
- Latitude
- 29.9688932
Nearby Similar for Sale
FAQs
What type of property is this?
NNN property - Fully leased bar with live entertainment operations and recent tenant improvements under a Triple NNN structure.
Where is this nnn property located?
The property is located at 2231 Saint Claude Avenue New Orleans New Orleans, LA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Commercial asset built in 1980, fully leased to Emporium Arcade Bar with the tenant occupying 100% of the building; Triple NNN lease; currently in Year 5 of an initial 10‑year term with the tenant to remain in place; Tenant operates an active bar and live entertainment permit for on‑site hospitality and entertainment use
