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Ground-Floor Restaurant Sublease
For Lease
$3,116/Mo

B-2000 Tulane Ave, New Orleans, LA 70112

Restaurant space serving a dense daytime population in the LSU Medical District.

Space SizeContact for details
Days on Market370

Property Features for B-2000 Tulane Ave

General Information

Standard status Active
Listing Agency: The Gleason Group
Listed By: Grace Guo · License #995706927
Source: Exprealty
Added: Aug 27, 2025 Changed: Aug 31 Last Checked: Aug 30 at 8:56PM

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 The Gleason Group

Investment Insights

Based on property information with market context.

This 1,000-square-foot restaurant occupies ground-floor space in the Louisiana State University Health Foundation building and is configured for immediate operation. The premises are offered through a sublease with a lease term running from October 2019 through October 2029.

The property is positioned within the LSU Medical District near LSU Medical School, University Hospital, and other medical facilities. Students, professors, doctors, and nurses contribute to the surrounding daytime customer base, while adjacency to Matcha Magic adds an established food-and-beverage neighbor.

Key Highlights

  • 1,000 SF ground‑floor restaurant space
  • Sublease term: October 2019 to October 2029
  • Located in the LSU Medical District

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Home Appliance Store (Bike/Boat/Book/etc) Store Nursing Home Butcher Locksmith Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$5.61 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

11,503
Businesses Nearby
385k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Hotels & Casinos 65% Groceries 14% Shops & Services 9% Dining 7%
The Ritz-Carlton, New Orleans Hotels & Casinos
59,768 visits/mo 0.2 miles
Rouses Market Groceries
49,050 visits/mo 0.4 miles
Chevron Shops & Services
23,516 visits/mo 0.4 miles
Holiday Inn New Orleans-Downtown Superdome Hotels & Casinos
20,500 visits/mo 0.1 miles
Wyndham New Orleans - French Quarter Hotels & Casinos
15,753 visits/mo 0.3 miles

Demographics for 70112, LA

4,988
Population
3,711
Households
1.3
Avg Household Size
35
Median Age
44%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
4,988
Density / Sq Mi
$23,052
Median Household Income
$36,029
Median Earnings
$1,063
Median Rent
$398,400
Median Home Value

Market

Lease Benchmarks for New Orleans, LA

$30.02 /SF/Yr
Avg Asking Price
$9.47–$68 /SF/Yr
Price Range
48,534 SF
Avg Space Size

This space is priced 25% above the average of $30.02 /SF/Yr.

Vacancy Rate% for Retail in New Orleans, LA

5.5% 2019
7.2% 2020
5.7% 2021
4.3% 2022
3.6% 2023
3.9% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant space serving a dense daytime population in the LSU Medical District.
Where is this conventional restaurant located?
The property is located at B-2000 Tulane Ave New Orleans, LA.
What is the lease rate?
The lease rate is $3,116/Mo.
What are key features of this property?
This property features: 1,000 SF ground‑floor restaurant space; Sublease term: October 2019 to October 2029; Located in the LSU Medical District
More about this property
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