11901 I-10 Service Rd New Orleans, LA 70128

Property Details for 11901 I-10 Service Rd

Year built

2011

Lot size

0.96 lot acres

Property size

9,180 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional retail investment opportunity presents a vacant, 9,180 square foot Family Dollar storefront in New Orleans, Louisiana. Located at 11901 I-10 Service Rd, this Class B property sits on a 0.961-acre lot and boasts excellent visibility at the four-way interchange of I-10 and Bullard Avenue. The property benefits from its proximity to major retailers like Walmart and Home Depot, as well as numerous restaurants and hotels, including a Premier Honda, Waffle House, Comfort Suites, and Holiday Inn Express. Adjacent to a substantial residential area, this location offers strong potential for redevelopment or re-leasing. The existing lease with Family Dollar (a subsidiary of Dollar Tree, Inc.), a corporate-guaranteed NN+ lease, runs until January 31, 2026, providing approximately 1.2 years of remaining rental income and reimbursements for real estate taxes and insurance. Built in 2011, this single-story building offers a flexible configuration suitable for various retail uses. The asking price is $1,100,000, representing a 12.75% cap rate with a current NOI of $140,250. This prime location and the existing lease provide a unique opportunity for investors seeking a strong return on investment with significant upside potential through redevelopment or re-leasing. The property's size and location make it ideal for quick-service restaurants or other retailers. Dollar Tree, Inc. reported $30.6 billion in fiscal year 2023 sales and $1.615 billion in net income.

Location Insight

City

New Orleans

County

Orleans Parish

State

Louisiana

Longitude

-89.9626

Latitude

30.0465