8228 Oak StNew Orleans, LA 70118

This exceptional New Orleans investment opportunity presents a fee-simple, two-building retail property at 8228 Oak St, totaling 3,540 net rentable square feet on a 4,315 sq ft lot. The property, built in 1960 and renovated in 2023, features a ground floor occupied by a nationally recognized Primo Hoagies franchise under a triple-net lease (NNN) with four years remaining. The upper floor currently houses a month-to-month therapy office/studio apartment, offering flexibility for owner-occupancy or additional lease income. The property boasts 100% occupancy, generating a strong net operating income (NOI) of $81,000, resulting in a 6.89% cap rate. The asking price is $1,175,000 ($331.92/sq ft). The property is zoned HU-MU and includes three parking spaces. This prime location on bustling Oak Street is surrounded by thriving businesses, including Zotz Cafe, Oak Street Brewery, Jacques-Imo's, Maple Leaf Bar, and Breads on Oak. This is a turnkey investment ideal for those seeking immediate cash flow and long-term appreciation in a desirable New Orleans neighborhood. The property is available for a 1031 exchange.