Retail Property in New
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3663 General De Gaulle Dr, New Orleans, LA 70114
Freestanding NNN retail property with experienced tenant in New Orleans.
Property Size3,400 SF
Price / SF$298.53
Days on Market157
Property Features for 3663 General De Gaulle Dr
General Information
Standard status
Active
Size
3,400 SF
Property subtype
Retail
Zoning
C-2
Listing Agency:
Silber Investment Properties Ltd
Listed By:
Dylan Silber · License #NY 10401349050
Source:
Crexi
Added: Mar 9
Changed: Aug 8
Last Checked: Aug 8 at 3:22PM
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 Silber Investment Properties Ltd
Investment Insights
Based on property information with market context.
This is a freestanding, single-tenant retail property located on General De Gaulle Dr in New Orleans, LA. The property benefits from high visibility and ease of access for customers. The property is occupied by an experienced operator, Blue Victory Holdings, with a long-term operating history. The property is an absolute NNN retail property, offering a management-free investment opportunity with zero landlord responsibilities. The property contains 3,400 square feet.
Key Highlights
- Absolute NNN lease structure offers a management‑free investment.
- Located on General De Gaulle Dr with high visibility and easy customer access.
- Single tenant property occupied by an experienced operator.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,983
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$839,660
$839.7K
Cap Rate 7%
$599,757
$599.8K
Cap Rate 9%
$466,478
$466.5K
Market Conditions
NOI Build-Up for 3,400 SF
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.
Gross rent
$61.2K $18.00/SF
− Vacancy
−$1.2K −$0.36/SF
EGI
$60.0K $17.64/SF
− OpEx
−$18.0K −$5.29/SF
NOI
$42.0K $12.35/SF
Area
New Orleans, LA
Vacancy
2.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$839,660
Cap Rate 7%
$599,757
Cap Rate 9%
$466,478
Alternative Uses
Best Use
Retail
$599.8K
$524.8K – $699.7K
NOI $41,983 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$864.2K
$756.2K – $1.01M
NOI $60,492 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
967
Businesses Nearby
362k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 20%
Apparel 16%
Groceries 15%
Rouses Market
Groceries
37,510 visits/mo
0.4 miles
T.J. Maxx
Apparel
32,180 visits/mo
0.4 miles
Chick-fil-A
Dining
30,563 visits/mo
0.4 miles
Ross Dress for Less
Apparel
26,936 visits/mo
0.4 miles
McDonald's
Dining
24,456 visits/mo
0.4 miles
Demographics for 70114, LA
23,127
Population
11,860
Households
2
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
4,535
Density / Sq Mi
$41,435
Median Household Income
$31,743
Median Earnings
$1,113
Median Rent
$194,100
Median Home Value
Market
Vacancy Rate% for Retail in New Orleans, LA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding NNN retail property with experienced tenant in New Orleans.
Where is this retail space located?
The property is located at 3663 General De Gaulle Dr New Orleans, LA.
What is the asking price?
The asking price for this property is $1,015,000.
What are key features of this property?
This property features: Absolute NNN lease structure offers a management‑free investment.; Located on General De Gaulle Dr with high visibility and easy customer access.; Single tenant property occupied by an experienced operator.
