NNN Retail
For Sale
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5931 Bullard Ave Unit 12, New Orleans, LA 70128
Retail unit near national chain retailers and local food businesses, offered with a triple net lease structure.
Property Size2,150 SF
Price / SF$1.52
Days on Market49
Property Features for 5931 Bullard Ave Unit 12
General Information
Standard status
Active
Size
2,150 SF
Site & Location
Neighborhood
Read Blvd East
Building Details
Year Built
2003
Listing Agency:
Brittny McKay Real Estate
Listed By:
Brittny McKay · License #995714251
(504) 236-5749
Source:
Fiorellaavenue
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 26 at 5:08PM
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 Brittny McKay Real Estate
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Investment Insights
Based on property information with market context.
This retail space occupies Unit 12 of a commercial property constructed in 2003. The available use profile includes storefront retail, showroom, office, and other customer-facing commercial applications. The property is offered with a triple net lease structure.
Nearby businesses identified in the property information include Subway, Boost Mobile, Anytime Fitness, and Jackson Hewitt, along with local eateries. The surrounding tenant mix includes national chain brands and established service-oriented operators, creating a recognizable commercial setting for retail and other storefront uses.
Nearby businesses identified in the property information include Subway, Boost Mobile, Anytime Fitness, and Jackson Hewitt, along with local eateries. The surrounding tenant mix includes national chain brands and established service-oriented operators, creating a recognizable commercial setting for retail and other storefront uses.
Key Highlights
- Retail space in Unit 12
- Triple net lease structure
- Property constructed in 2003
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,548
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,960
$531.0K
Cap Rate 7%
$379,257
$379.3K
Cap Rate 9%
$294,978
$295.0K
Market Conditions
NOI Build-Up for 2,150 SF
Gross rent
$38.7K $18.00/SF
− Vacancy
−$774 −$0.36/SF
EGI
$37.9K $17.64/SF
− OpEx
−$11.4K −$5.29/SF
NOI
$26.5K $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 Rate 5%
$530,960
Cap Rate 7%
$379,257
Cap Rate 9%
$294,978
Alternative Uses
Best Use
Retail
$379.3K
$331.9K – $442.5K
NOI $26,548 @ 7.0% cap · market cap 814.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$546.5K
$478.2K – $637.5K
NOI $38,252 @ 7.0% cap · market cap 1,173.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
230k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 38%
Dining 34%
Shops & Services 18%
Home Improvements & Furnishings 8%
Walmart
Superstores
87,148 visits/mo
0.4 miles
McDonald's
Dining
28,249 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
19,353 visits/mo
0.5 miles
Capital One Bank
Shops & Services
17,972 visits/mo
0.2 miles
Wendy's
Dining
16,426 visits/mo
0.3 miles
Demographics for 70128, LA
18,260
Population
8,609
Households
2.1
Avg Household Size
37
Median Age
29%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
3,804
Density / Sq Mi
$53,538
Median Household Income
$36,218
Median Earnings
$1,210
Median Rent
$220,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in New Orleans, LA
Frequently Asked Questions
What type of property is this?
Retail space - Retail unit near national chain retailers and local food businesses, offered with a triple net lease structure.
Where is this retail space located?
The property is located at 5931 Bullard Ave Unit 12 New Orleans, LA.
What are key features of this property?
This property features: Retail space in Unit 12; Triple net lease structure; Property constructed in 2003
