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    601 Loyola Ave New Orleans, LA 70113

    Sponsored
    For Sale
    $8,500,000

    Prime NNN Retail Investment, New Orleans

    Property size:
    23,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    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 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

    HighLights

    • 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.
    • Mission‑critical facility for Hyatt Regency Hotel & Convention Center.
    • Prime CBD location, strong hotel demand & entertainment district.
    • Convenient access: I‑10 & US Hwy 90 interchange.
    Property Profile Location Intelligence

    Current Use by Public Records

    New Orleans Greyhound Stadium Rush My Passport Passport Photo Processor My hotel Hotel Big Night New ... Event Planner 1718 Events Caterer

    Suggested Use

    Realty agency Restaurant Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    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.
    Request Owner's contact information
    601 Loyola Ave New Orleans, LA 70113
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    New Orleans, LA 70113
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    601 Loyola Ave New Orleans, LA 70113
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