3018 Holiday Dr New Orleans, LA 70131
- Retail properties
- 10,500 SF
- 1.87 lot acres
Current Use by Public Records
- Petco / Tropical Fish Store / Pet Store
- Petco Grooming / Pet Groomer
- Petco Vaccination Clinic / Veterinarian
- Petco Dog Training / Dog Trainer / Pet Trainer
Property Details for 3018 Holiday Dr
- Year built
- 2014
- Lot size
- 1.87 lot acres
- Property size
- 10,500 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 10,500 square foot Petco storefront located at 3018 Holiday Drive in New Orleans, Louisiana. Part of the bustling 227,814 square foot Algiers Plaza shopping center, this property boasts a strong tenant in Petco, a credit-rated business with a lease extending to January 31, 2027 (approximately 2.2 years remaining). The property features a 7.50% cap rate and is situated on a 1.87-acre lot. Built in 2014, this single-unit, 100% occupied retail space benefits from a Net Net Net (NNN) lease structure. Algiers Plaza enjoys high visibility on major thoroughfares, receiving over 80,000 vehicle views daily, and is conveniently located near key landmarks, including the New Orleans International Airport and the French Quarter. The center's diverse tenant mix includes national and regional anchors such as Winn-Dixie, Ross, and TJ Maxx, ensuring stable long-term occupancy. This value-add investment offers a compelling opportunity for a savvy investor seeking a strong return in a prime New Orleans location. The asking price is $1,680,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Orleans Parish
- State
- Louisiana
- Longitude
- -90.0121
- Latitude
- 29.9232
