3400 Holiday Dr
New Orleans, LA
Price:
$2629000
Cap Rate:
5.25%
NOI:
$138,006
Building Size:
Approx. 2200 Sq. Ft.
Lot Size:
Approx. 0.62 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2018
Investment Overview
- 2018 Construction. 2,200+/- SF Building on .62+/- Acre Site
- Located along Holiday Dr (32K VPD) & General De Gaulle Dr (56K VPD)
- Adjacent to Applebee’s | Near Winn-Dixie, KFC, Popeye’s, McDonalds
- Subject property is located near the heart of multiple well known districts
- Near Oakwood Center, a 952K SF regional mall | 5-Miles SE of Downtown
- Attractions: Bourbon St | Garden District | French Quarters (Mardi Gras)
- Ranks Top 10 Tourist Destinations in the U.S (10.45M FY 2016) –NOLA.com
- Top Employers: LA State Univ. Health | Northrop Grumman Shipping Sys.
- 3-Mile Radius: 2017 Est Pop: 107,452 l 3-Mile Avg. HH Income: $59,766
- New Orleans is the largest city in the state & is a major port in the U.S