4920 Tchoupitoulas StNew Orleans, LA 70115

This exceptional investment opportunity presents a 9,665 square foot warehouse situated on a substantial 34,614 square foot lot at 4920 Tchoupitoulas Street in New Orleans, Louisiana, zip code 70115. The property boasts a long-term lease with Canine Connection, a successful doggie daycare operating since 2009. The current lease, recently renewed, spans five years with a five-year option to extend, providing a stable income stream. The tenant's established presence and the inherent barriers to entry in the dog daycare market ensure a consistent return. This translates to a strong 8% year-one yield, further enhanced by a 3% annual rent increase. Landlord responsibilities are minimal. The property's significant size makes it one of the largest contiguous parcels on the Uptown Tchoupitoulas corridor, presenting substantial future development potential. Favorable MU-1 zoning allows for various development options. A completed cost segregation analysis highlights potential tax savings. The location benefits from the ongoing revitalization of Uptown Tchoupitoulas Street, surrounded by established businesses and new developments, including Tipitina's, Hansen's Sno-Bliz, Rouses, Riverside Market, Barracuda, Francolini's, Mojo Coffee, Port Orleans, Extra Space Storage, East Riverside Veterinary Hospital, apartments, and Resource Bank's new office and branch. The asking price for this prime investment property is $3,075,000. This is a real estate only sale; the business is not included. Please do not disturb the tenant.