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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

Department Store

Burlington

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.

Exclusively Listed By

Financing By

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