Department Store
Burlington
3022 Holiday Dr, New Orleans, LA 70131
Listing Price: $5,231,250
Cap Rate
6.00%
Tenant Name
Burlington
Years Remaining On Lease
10.0
Gross SF
20,250
Guarantor
No Guarantee
Rentable SF
20,250
Price/Gross SF
$258.33
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.50
Investment Overview
Marcus & Millichap is pleased to present Burlington at Algiers Plaza, a rare single tenant net leased off-price fashion opportunity located in New Orleans, Louisiana.
Investment Highlights
- Rare Single Tenant Net Leased Off-Price Fashion Junior Anchor
- New 10-Year NNN Lease Set to Commence October 1, 2024
- Part of a Submarket Dominant Grocery Anchored Shopping Center with Co-tenancyt that Includes Ross, TJ Maxx, Five Below and Chick-fil-A
Exclusively Listed By
Financing By
Listing Price: $5,231,250
Cap Rate
6.00%
Tenant Name
Burlington
Years Remaining On Lease
10.0
Gross SF
20,250
Guarantor
No Guarantee
Rentable SF
20,250
Price/Gross SF
$258.33
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.50
Investment Highlights
- Rare Single Tenant Net Leased Off-Price Fashion Junior Anchor
- New 10-Year NNN Lease Set to Commence October 1, 2024
- Part of a Submarket Dominant Grocery Anchored Shopping Center with Co-tenancyt that Includes Ross, TJ Maxx, Five Below and Chick-fil-A
Investment Overview
Marcus & Millichap is pleased to present Burlington at Algiers Plaza, a rare single tenant net leased off-price fashion opportunity located in New Orleans, Louisiana.