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New Orleans Original Daiquiris 620 Terry Pky

1,500 SF Retail Building Gretna, LA 70056 £958,092 (£639/SF) 7% Net Initial Yield

Investment Highlights

  • Absolute Triple-Net (NNN) Lease | Zero Landlord Responsibilities
  • Rental Increases Of Three Percent (3.00%) Annually Beginning In 2030
  • Brand New Twenty (20)-Year Lease | Approximately 19.6 Years Remaining | Four (4), Five (5)-Year Options

Executive Summary

NNN Pro is pleased to present the exclusive listing for a New
Orleans Original Daiquiris located at 620 Terry Pkwy, Terrytown,
LA 70056. The site consists of roughly 1,500 rentable square feet
of building space on an estimated 0.25-acre parcel of land. This
New Orleans Original Daiquiris is subject to a 19.6-year Triple Net
(NNN) lease, which commenced 7/1/2024. The current annual
rent is $85,436 and has scheduled increases of 3.00% annually
starting in year 7.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,500 SF
Building Class
C
Year Built
1974
Price
£958,092
Price Per SF
£639
Net Initial Yield
7%
NOI
£67,066
Tenancy
Single
Number of Floors
1
Building FAR
0.14
Land Acres
0.25 AC
Zoning
C2 - Commerical retail
Parking
8 Spaces (5.33 Spaces per 1,000 SF Leased)
Frontage
77 ft on Terry Pky

Amenities

  • Bus Route
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Drive Thru
1 of 1
620 Terry Pky, Gretna, LA - aerial map view
Walk Score ®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers
Multiple
  • 3200329005
  • 0200004157
 Improvements Assessment £12,395
Land Assessment £12,905 Total Assessment £43,769

PROPERTY TAXES

Parcel Numbers
Multiple
  • 3200329005
  • 0200004157
Land Assessment
£12,905
Improvements Assessment
£12,395
Total Assessment
£43,769
(332) 345-4222

  • Listing ID: 33936896

  • Date on Market: 20/11/2024

  • Last Updated:

  • Address: 620 Terry Pky, Gretna, LA 70056

The Retail Property at 620 Terry Pky, Gretna, LA 70056 is currently available For Sale. Contact NNN Pro Group for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

Nearby Listings

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620 Terry Pky, Gretna, LA for sale Building Photo- Image 1 of 3
620 Terry Pkwy - Terrytown, LA - Main
620 Terry Pky, Gretna, LA for sale Aerial- Image 2 of 3
620 Terry Pkwy - Terrytown, LA - Aerial

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© 2024 CoStar Group

New Orleans Original Daiquiris | 620 Terry Pky
(332) 345-4222 x

New Orleans Original Daiquiris | 620 Terry Pky

1/4

Glen Kunofsky

(332) 345-4222

(332) 345-4222

Judson Kauffman

(332) 345-4202

(332) 345-4202

Hannan Ben Yosef

(332) 345-4384

(332) 345-4384

Matthew Sorace

(332) 345-7813

(332) 345-7813

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