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Grocery Store

Winn Dixie Algiers

3008 Holiday Dr, New Orleans, LA 70131

Listing Price: $8,853,148

Cap Rate
5.75%
Tenant Name
Winn Dixie
Years Remaining On Lease
7.7
Gross SF
63,632
Guarantor
Corporate Guarantee
Rentable SF
63,632
Price/Gross SF
$139.13
Lease Type
Absolute Net
Rent Per Square Feet
$8.00

Investment Overview

Marcus & Millichap is pleased to present Winn Dixie at Algiers Plaza, an Absolute Net leased grocery opportunity in New Orleans, Louisiana.

Investment Highlights

  • ABSOLUTE NET OFFERING - FULL SERVICE GROCER WITH 25 YEAR HISTORY AT THIS LOCATION
  • 25% BASE RENT ESCALATION EFFECTIVE YEAR 4
  • ANCHOR TO SUBMARKET DOMINANT SHOPPING CENTER THAT INCLUDES TJMAXX, ROSS, FIVE BELOW, BUFFALO WILD WINGS, CHICK-FIL-A AND MORE
  • TENANT SOUGHT APPROVAL FOR MAJOR REMODEL IN 2023, ON HOLD DUE TO PENDING ALDI ACQUISITION
  • LOCATED ON GEN DEGAULLE DRIVE, THE BUSIEST THOROUGHFARE IN THE SUBMARKET; COMBINED TRAFFIC COUNTS EXCEED 60K-VPD

Exclusively Listed By

Financing By

Grocery Store

Winn Dixie Algiers

Listing Price: $8,853,148

Cap Rate
5.75%
Tenant Name
Winn Dixie
Years Remaining On Lease
7.7
Gross SF
63,632
Guarantor
Corporate Guarantee
Rentable SF
63,632
Price/Gross SF
$139.13
Lease Type
Absolute Net
Rent Per Square Feet
$8.00

Investment Highlights

  • ABSOLUTE NET OFFERING - FULL SERVICE GROCER WITH 25 YEAR HISTORY AT THIS LOCATION
  • 25% BASE RENT ESCALATION EFFECTIVE YEAR 4
  • ANCHOR TO SUBMARKET DOMINANT SHOPPING CENTER THAT INCLUDES TJMAXX, ROSS, FIVE BELOW, BUFFALO WILD WINGS, CHICK-FIL-A AND MORE
  • TENANT SOUGHT APPROVAL FOR MAJOR REMODEL IN 2023, ON HOLD DUE TO PENDING ALDI ACQUISITION
  • LOCATED ON GEN DEGAULLE DRIVE, THE BUSIEST THOROUGHFARE IN THE SUBMARKET; COMBINED TRAFFIC COUNTS EXCEED 60K-VPD

Investment Overview

Marcus & Millichap is pleased to present Winn Dixie at Algiers Plaza, an Absolute Net leased grocery opportunity in New Orleans, Louisiana.

Exclusively Listed By

Financing By

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