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5855 Chef Menteur Hwy
New Orleans, LA 70126 Pines Village

Price Upon Request

Convenience Store For Sale  •  676 SF

Property Details

  • Property Type Convenience Store
  • Total Building Size 676 SF
  • Lot Size 0.52 AC
  • Building Class C
  • Year Built 1960
  • Tenancy Single
  • Zoning commercial
44 Transit Score
41 Walk Score

Highlights

Brand New 17 Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
2% Annual Rent Increases With Four 5-Year Options
Established Operator of Convenience Stores in Louisiana & Texas That Currently Operates 40+ Locations
Strong Store Performance – 2.30x Rent Coverage
Excellent Visibility From Chef Menteur Hwy and Downman Road With Multiple Points of Ingress and Egress
Over 33,300 VPD Travel Along Chef Menteur Hwy

Major Tenants

Tenant SF Occupied Lease End Date
IMTAA, LLC 676 SF 1/31/2037

Public Transportation

Commuter RailDriveWalkDistance
New Orleans Union Passenger Terminal (City of New Orleans - Amtrak, Crescent - Amtrak, Sunset Limited - Amtrak) 10 min - 6.8 mi
AirportDriveWalkDistance
Louis Armstrong New Orleans International 23 min - 16.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes