4150 General Degaulle DrNew Orleans, LA 70131

Property Details for 4150 General Degaulle Dr

Year built

1973

Lot size

1.18 AC

Property size (Sq ft)

14,277 SF

Property type

Retail properties

Property subtype

Lifestyle 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

Latitude

29.9204

Longitude

-90.0122

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].