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3947 Magazine Street

New Orleans, LA 70115
  • $1,300,000
  • STATUS: Active
  • ON SITE: 13 Days
  • MLS #: 2344170
UPDATED: 66 min ago
$1,300,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
2022
County:

School Ratings & Info

Description

3947 Magazine Street was recently leased out to Rowan, Inc. as their first store in the New Orleans market. Rowan Piercing Studio performs ear piercings using licensed nurses. The corporately guaranteed lease term expires in January of 2030 and follows annual rental increases of 3%. The property is offered at $1,300,000, for a 5.8% capitalization rate. This stretch of Magazine Street is centrally located, and easily accessible for Uptown and Garden District Residents alike.

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Broker and Associates are licensed in the State of Louisiana, USA.
Keaty Real Estate, LLC || (337) 235-7770 || Lafayette, LA.

Terms & Conditions
© 2022 Gulf South Real Estate Information Network. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keaty Real Estate, LLC. Data last updated: 2022-05-23T21:34:55.46.
www.keatyrealestate.com/homes/128512598
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3947 Magazine Street New Orleans, LA 70115

  • Price: $1,300,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 66 min ago
  • MLS #: 2344170
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2022
Built
County:
Orleans
Property Description
3947 Magazine Street was recently leased out to Rowan, Inc. as their first store in the New Orleans market. Rowan Piercing Studio performs ear piercings using licensed nurses. The corporately guaranteed lease term expires in January of 2030 and follows annual rental increases of 3%. The property is offered at $1,300,000, for a 5.8% capitalization rate. This stretch of Magazine Street is centrally located, and easily accessible for Uptown and Garden District Residents alike.
Exterior Features

Lot Features City LotRectangular Lot Lot Size Dimensions 23 X 120 Parking Features None

Interior Features

Building Area Total 1230

Property Features

Community Features Common Grounds/Area Levels One New Construction No Property Condition Repairs CosmeticUpdated/RemodeledResale Sewer Public Sewer Special Listing Conditions None Structure Type Retail Tenant Pays All UtilitiesInsuranceJanitorial ServiceTaxes Watersource Public

Listing courtesy of Gulf South Real Estate Information Network.
Listing provided courtesy of Aaron J Kazanoff of Ben & Burka.



Broker and Associates are licensed in the State of Louisiana, USA.
Keaty Real Estate, LLC || (337) 235-7770 || Lafayette, LA.

Terms & Conditions
© 2022 Gulf South Real Estate Information Network. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keaty Real Estate, LLC. Data last updated: 2022-05-23T21:34:55.46.
 
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Keaty Real Estate, LLC
350 Doucet Road, Suite B
Lafayette LA, 70503