4150 General Degaulle Dr New Orleans, LA 70131

Property Details for 4150 General Degaulle Dr

Year built

1973

Lot size

1.18 lot acres

Property size

14,277 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a 14,277 square foot, single-story retail center in New Orleans, Louisiana. Located at 4150 General De Gaulle Drive, this 100% occupied property boasts a strong tenant lineup including Buffalo Wild Wings, Firehouse Subs, Jeff's Haberdashery, and Republic Finance. The property sits on a 1.18-acre lot and features a single building constructed in 1973, renovated in 2014. The property operates under a triple-net (NNN) lease structure, offering a stabilized investment with a current Net Operating Income (NOI) of $325,255 and a compelling 6.75% capitalization rate. The asking price is $4,820,000. Long-term leases are in place, providing significant stability and predictable cash flow. Jeff's Haberdashery recently signed a 10-year lease extension, and Buffalo Wild Wings has 10 years remaining on their lease. The property benefits from its location within a larger shopping plaza, anchored by Winn-Dixie and Burlington, ensuring high traffic and visibility. This prime retail asset is situated near major thoroughfares, just 5 miles from downtown New Orleans, experiencing over 80,000 vehicles passing daily. The property's strong tenant mix, long-term leases, and prime location make it an attractive investment opportunity with significant growth potential. The property's APN is 5-13-8-219-21.

Location Insight

City

New Orleans

County

Orleans Parish

State

Louisiana

Longitude

-90.0122

Latitude

29.9204