$2,307,692
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Soft OfferCommercial Property for Sale in Kenner Louisiana 70065
4200 Williams Blvd, Kenner, Louisiana 70065
$1,700,000
$310 / sq ft 7.06% cap rate Listed Oct 17, 2024
5,480 sqft
Building
5,480 sqft
Lot
1
Stories
1
Units
Class A
Class
About this property
Commercial Property for Sale in Kenner Louisiana 70065 is a retail for sale in Kenner, Louisiana, listed at $1,700,000. Key details: building size 5,480 sqft, lot size 5,480 sqft, stories 1, total units 1. Listed by Tim Westfall of Echo West Capital Advisors on LoopingCloud and last updated October 17, 2024.
This property offers an outstanding investment opportunity backed by a corporate guarantee from Monro Inc. (NASDAQ: MNRO), one of the largest tire and auto service chains in the U.S., providing strong financial security. Located just 0.6 miles from the new $100 million Treasure Chest Casino Development and less than 4 miles from New Orleans International Airport, it boasts a prime position in a rapidly growing area. With over 25 years of operation in the community, this recession-resistant tenant ensures consistent demand for automotive services. The surrounding region, including Kenner’s Laketown, is poised for further development, supported by strong demographics in the New Orleans MSA.
Key highlights
- Investment Net Lease type NN+
- Brand/Tenant Tire Choice
- Lease Term 10 years
- Remaining Term 4.9 years
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Building Size
- 5,480 sqft
- Lot Size
- 5,480 sqft
- Stories
- 1
- Total Units
- 1
- Building Class
- Class A
- Occupancy
- 100%
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Net Operating Income
- $120,000
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
7.06%
Cap rate
$120,000
Net operating income
$310
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $1,700,000 | 7.06% | - | - | - |
Features and amenities
Prominent Tenants
- Investment Net Lease type: NN+
- Brand/Tenant: Tire Choice
- Lease Term: 10 years
- Remaining Term 4.9 years
Property Features
- Auto service businesses are typically less vulnerable to economic downturns, as vehicle maintenance remains a necessity even in a recession.
Highlights
- he lease is backed by Monro Inc. (NASDAQ: MNRO), a leading chain of tire and auto service centers across the United States. With a ±1,300-unit corporate guarantee, Monro Inc. provides significant financial backing.
- The subject property is ideally positioned just 0.6 miles from the brand new, ground up $100 million Treasure Chest Casino Development and less than a 4 mile drive from New Orleans International Airport.
- The surrounding area, particularly Kenner’s Laketown, is poised for substantial development with a proposed 40-acre, $450 million recreational and residential project.
- This automotive repair location has a lengthy 25+ year operating history within the surrounding submarket making it a convenient and established option for consumers in and around Kenner.
Location
Address as shown by the lister.
Get directionsAbout this area - Kenner
- Population
- 53,623
- Housing units
- 20,952
- Land area
- 8.3 sq mi
- County
- Jefferson
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Property documents
1 file to downloadFrequently asked questions
What is the asking price of Commercial Property for Sale in Kenner Louisiana 70065?
Commercial Property for Sale in Kenner Louisiana 70065 is listed at $1,700,000. That works out to about $310 per square foot. The stated cap rate is 7.06%.
Where is Commercial Property for Sale in Kenner Louisiana 70065 located?
The property is in 4200 Williams Blvd, Kenner, Louisiana 70065, Jefferson County.
What type of property is this?
This is a retail for sale in the commercial category.
How big is the property?
The building is 5,480 sqft. The lot is 5,480 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Tim Westfall of Echo West Capital Advisors listed this property. Use the Request Info button to send a message or call (602) 628-6298.
When was this listing published?
It was published on October 17, 2024 and last updated on October 17, 2024.
Listing information
- Listing ID
- CL-Louisiana-12467
- Published
- Oct 17, 2024
- Last updated
- Oct 17, 2024
- Views
- 485
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Disclaimer: LoopingCloud is a social listing portal that connects real estate professionals, service providers, buyers, and sellers. All property information, descriptions, availability, financial details, and any offerings are provided by the respective lister or service provider and are not independently verified by LoopingCloud.
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