Leased Storefront
For Sale
Contact for pricing
3947 Magazine St, New Orleans, LA 70115
Corporate-guaranteed retail lease runs through January 2030 with 3% annual increases.
Property SizeContact for details
Days on Market144
Property Features for 3947 Magazine St
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Corporate Realty
(504) 236-7507
Listed By:
Sydney Anderson · License #LA 995682176
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 7:05PM
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 Corporate Realty
Investment Insights
Based on property information with market context.
This storefront property is leased to Rowan, Inc., which operates a piercing studio using licensed nurses for ear-piercing services. The lease is corporately guaranteed and extends through January 2030, providing an established retail occupancy with defined term and annual contractual increases of 3%.
The property is located at 3947 Magazine Street in New Orleans, along a stretch described as accessible to residents of the Uptown and Garden District areas. The lease structure and operating use provide clear context for evaluating the asset as an occupied retail property.
The property is located at 3947 Magazine Street in New Orleans, along a stretch described as accessible to residents of the Uptown and Garden District areas. The lease structure and operating use provide clear context for evaluating the asset as an occupied retail property.
Key Highlights
- Leased to Rowan, Inc. for its New Orleans piercing studio
- Corporately guaranteed lease expires in January 2030
- Lease includes 3% annual rental increases
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,789
Businesses Nearby
20k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 45%
Shops & Services 31%
Home Improvements & Furnishings 17%
Dining 7%
Buffalo Exchange
Apparel
4,783 visits/mo
0.1 miles
Public Storage
Shops & Services
4,234 visits/mo
0.5 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
3,370 visits/mo
0.2 miles
Free People
Apparel
1,826 visits/mo
0.1 miles
Krispy Krunchy Chicken
Dining
1,418 visits/mo
0.3 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
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Similar Off Market Nearby
- Leaf + Petal NOLA — 4737 Tchoupitoulas St, New Orleans, LA 70115
- Nola Flora — 4536 Magazine St, New Orleans, LA 70115
- Pamela Dennis Flowers — 2727 Prytania St Suite 16, New Orleans, LA 70130
Frequently Asked Questions
What type of property is this?
Storefront property - Corporate-guaranteed retail lease runs through January 2030 with 3% annual increases.
Where is this storefront property located?
The property is located at 3947 Magazine St New Orleans, LA.
What are key features of this property?
This property features: Leased to Rowan, Inc. for its New Orleans piercing studio; Corporately guaranteed lease expires in January 2030; Lease includes 3% annual rental increases
