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2625 Veterans Boulevard
Kenner, LA 70062
Asking Price
$58.33M
Cap Rate
6%
Asset Type
Storefront Retail
Class
Class B
What's Special
Top Performer | Irreplaceable Location <p><strong>LONG TERM TENANT:</strong> The Home Depot has been at this location since 2013 and has 6+ years remaining on their Absolute NNN ground lease with ten (10), 5-year renewal options. </p><p><strong>ATTRACTIVE RENT INCREASES:</strong> The Home Depot lease calls for attractive 5% rent increases at the start of each renewal option, providing the investor with an attractive increase in revenue and hedge against inflation.</p><p><strong>IRREPLACABLE RETAIL LOCATION:</strong> The Property is s
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NOI
$80,000
Cap Rate
0.14%
DSCR
0.02
Underwater
Cash-on-Cash
-19.33%
Monthly Payment
$288,601.504
Annual Cash Flow
$-3,383,218.047
