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🏢 Just listed — Storefront Retail for sale in New Orleans, LA.

📍 7401 Read Boulevard, New Orleans, LA
🏷  Storefront Retail · For Sale
💰 $1.45M

13,924 SF Former Walgreens With Drive-Thru | Signalized Intersection | Re-Tenanting Opportunity

<ul><li><strong>Move-In Ready Condition:</strong> Recently upgraded with a new roof, updated HVAC systems, and electrical improvements.</li><li><strong>Re-Tenanting Opportunity:</st

Full financials, photos, and broker contact:
https://commrty.com/property/louisiana/new-orleans/former-walgreens-new-orleans-la-2600146-for-sale?utm_source=linkedin&utm_medium=share&utm_campaign=pdp&utm_content=former-walgreens-new-orleans-la-2600146

#NewOrleans #Retail #CommercialRealEstate #CRE #Investment

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Home/LA/New Orleans

7401 Read Boulevard

New Orleans, LA 70127

Asking Price

$1.45M

Asset Type

Storefront Retail

Class

Class B

What's Special

13,924 SF Former Walgreens With Drive-Thru | Signalized Intersection | Re-Tenanting Opportunity <ul><li>Move-In Ready Condition: Recently upgraded with a new roof, updated HVAC systems, and electrical improvements.</li><li>Re-Tenanting Opportunity: Flexible C-2 zoning enables a variety of replacement tenants, including urgent care, grocery, auto parts, fitness, financial institutions, and specialty retail users.</li><li>Limited Competition For Medical & Childcare Users: Serving a population of more than 65,000 residents, New Orleans Ea

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Purchase Price ($)

Down Payment (%)Interest Rate (%)

Amortization (years)Annual Gross Income ($)Annual Expenses ($)

NOI

$80,000

Cap Rate

5.52%

DSCR

0.93

Underwater

Cash-on-Cash

-1.39%

Monthly Payment

$7,168.861

Annual Cash Flow

$-6,026.337

Location & Travel Times

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