601 Loyola Ave New Orleans, LA 70113
Prime NNN Retail Investment, New Orleans
Property size:
23,700 SFProperty Features for 601 Loyola Ave
General Information
- Property type
- Retail properties
- Square Feet
- 23,700 SF
- Lot Size
- 31,363 SF
Building Details
- Year Built
- 2011
Listing Agency: Faris Lee Investments Listing Agent: Scott Deyoung
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 23,700 square foot, single-tenant retail convention center located within the Hyatt Regency New Orleans. The property boasts a 50-year NNN lease with approximately 40 years remaining, offering a secure and stable income stream. The lease includes CPI increases commencing in year six and every five years thereafter, ensuring future growth. Built in 2011 on a 0.72-acre lot (APN 41030820), this mission-critical asset is strategically situated in New Orleans' Central Business District, a vibrant area known for its strong hotel demand and entertainment scene. Its convenient location near I-10 and US Hwy. 90 ensures excellent accessibility. The property currently enjoys 100% occupancy, generating a substantial NOI of $459,658 and a 5.41% cap rate. The asking price is $8,500,000. The surrounding 5-mile radius demonstrates robust demographics, with an estimated population of 364,108, an average household income of $83,411, and a daytime population of 214,640. This is a rare chance to acquire a high-performing, long-term NNN investment in a thriving urban market. The property address is 601 Loyola Ave, New Orleans, LA 70113.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
New Orleans
Sports Field & Court
Rush My Passport
(Bike/Boat/Book/etc) Store
My hotel
Hotel & Motel
Big Night New ...
Event Planning
1718 Events
Take-out & Catering
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Orleans Parish
- State
- Louisiana
- Longitude
- -90.0774507
- Latitude
- 29.9496385
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FAQs
What type of property is this?
Retail property - Prime NNN Retail Investment, New Orleans
Where is this retail property located?
The property is located at 601 Loyola Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: Hyatt Regency Hotel-managed convention center, single tenant.; NNN lease: 50-year term, ~40 years remaining.; Rent increases: CPI adjustments starting year 6, every 5 years after.
