601 Loyola AveNew Orleans, LA 70113

This exceptional investment opportunity presents a 23,700 square foot, single-tenant retail convention center located within the Hyatt Regency New Orleans. The property boasts a 50-year NNN lease with approximately 40 years remaining, offering a secure and stable income stream. The lease includes CPI increases commencing in year six and every five years thereafter, ensuring future growth. Built in 2011 on a 0.72-acre lot (APN 41030820), this mission-critical asset is strategically situated in New Orleans' Central Business District, a vibrant area known for its strong hotel demand and entertainment scene. Its convenient location near I-10 and US Hwy. 90 ensures excellent accessibility. The property currently enjoys 100% occupancy, generating a substantial NOI of $459,658 and a 5.41% cap rate. The asking price is $8,500,000. The surrounding 5-mile radius demonstrates robust demographics, with an estimated population of 364,108, an average household income of $83,411, and a daytime population of 214,640. This is a rare chance to acquire a high-performing, long-term NNN investment in a thriving urban market. The property address is 601 Loyola Ave, New Orleans, LA 70113.