www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze property details including ownership and financial history. Share advanced property insights with your clients and teams.

Oak Street NNN Investment / Office

NNN Investment Restaurant with Office Available Upstairs

Listing Contacts

Active

Asking Price: $1,175,000
Address 

8228 Oak St, New Orleans, LA 70118

Show on Map
Date Added
Jun 18, 2024
Days on Market
310 days
Time Since Last Update
97 days

Details

Property TypeRetail
SubtypeQSR/Fast Food, Restaurant
Investment TypeNet Lease
ClassB
Lease TypeNNN
TenancyMulti
Number of Tenants2
Remaining Term4 years
Square Footage3,540
Net Rentable (sq ft)3,540
Price/Sq Ft$331.92
Cap Rate6.89%
Occupancy100%
NOI$81,000
Units2
Year Built1960
Year Renovated2023
Buildings2
Stories2
ZoningHU-MU
Lot Size (sq ft)4,315
Parking (spaces)3
Broker Co-OpYes
OwnershipFee Simple
Sale Condition1031 exchange

Marketing Description

8228 Oak Street presents an exceptional opportunity to own a well-maintained, income-producing commercial property in a vibrant New Orleans location.​ This two-story building boasts ample off-street parking and a desirable spot on bustling Oak Street.​ The ground floor is leased on a favorable NNN basis to Primo Hoagies, a nationally recognized sandwich franchise.​ The upstairs unit is occupied on a month-to-month basis by a therapy office/studio apartment and could be owner/operated or leased out on a long term basis.​ The property is move-in ready for any investor seeking strong rental income.​ Owner-occupiers will also appreciate the convenient location and established tenants.​

The property thrives in a popular commercial district.​  Neighbors include Zotz Cafe, Oak Street Brewery, Jacques-Imo’s, Maple Leaf Bar, Breads on Oak, and many more.​ 

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$81,000.00
$6,750.00/mo

Valuation Metrics

0
DSCR
6.89%
Cap Rate
6.89%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


Similar Properties for Sale

Pictures of Hospitality, Office, Retail property located at 8237 Oak St, New Orleans, LA 70118 for sales - image #1
$750,000
Oak Street Commercial Property
Highly Visible Property Good for Multiple Uses

8237 Oak St New Orleans, LA 70118

Pictures of Office, Retail property located at 8300 Apple St, New Orleans, LA 70118 for sales - image #1
$649,000
White Box Bakery / Restaurant
Office • 3,250 SF

8300 Apple St New Orleans, LA 70118

Pictures of Land, Mixed Use, Retail property located at 5010 Freret St, New Orleans, LA 70115 for sales - image #1
Opportunity Zone
$649,000
Freret Street Commercial For Sale
Land • 3,630 SF

5010 Freret St New Orleans, LA 70115

Pictures of Land, Mixed Use, Office, Retail property located at 4429 Willow St, New Orleans, LA 70115 for sales - image #1
Opportunity Zone
$1,470,000
4429 Willow Street
±0.49 Acres • Medical Office Development Site • New Orleans

4429 Willow St New Orleans, LA 70115

Pictures of Office, Retail property located at 2506 Jena St, New Orleans, LA 70115 for sales - image #1
Opportunity Zone
$460,000
Freret Corridor Office/Retail for Sale or Lease
Freret Corridor Retail/Office for Sale or Lease

2506 Jena St New Orleans, LA 70115

Pictures of Mixed Use, Office, Retail property located at S Broad St, New Orleans, LA 70125 for sales - image #1
$3,000,000
Assumable Debt - 10 Unit Retail/Office Investment Property
10-unit retail/office center with assumable financing

S Broad St New Orleans, LA 70125

Pictures of Retail, Office property located at 731 Nashville Ave, New Orleans, LA 70115 for sales - image #1
$759,500
731 Nashville Avenue
Retail • 2,170 SF

731 Nashville Ave New Orleans, LA 70115

Pictures of Retail property located at 1413 Upperline St, New Orleans, LA 70115 for sales - image #1
$1,575,000
Upperline Restaurant
Iconic Uptown New Orleans Restaurant Property for Sale • 4,293 SF

1413 Upperline St New Orleans, LA 70115

Pictures of Retail property located at 1001 McMeans Ave, Bay Minette, AL 36507, 1202 W University Dr, Mesa, AZ 85201, 3246 W Indian School Rd, Phoenix, AZ 85017, 3484 N Glassford Hill Rd, Prescott Valley, AZ 86314, 2620 Rogers Ave, Fort Smith, AR 72901, 68-580 Ramon Rd., Cathedral City, CA 92262, 390 E Hwy 50, Clermont, FL 34711, 3671 Cleveland Ave, Fort Myers, FL 33901, 111 Prince St, Dublin, GA 31021, 2209 S 4th St, Leavenworth, KS 66048, 2631 S Claiborne Ave, New Orleans, LA 70125, 1405 W Columbia Ave, Battle Creek, MI 49015, 1784 28th St SW, Wyoming, MI 49519, 2818 US-82, Greenville, MS 38703, 2020 Raymond Rd, Jackson, MS 39204, 205 W Northside Dr, Jackson, MS 39206, 2906 8th St, Meridian, MS 39301, 230 Memorial Dr, Picayune, MS 39466, 5307 W Market St, Greensboro, NC 27409, 10765 Leopard St, Corpus Christi, TX 78410, 1010 N 10th St, McAllen, TX 78501, 154 N Texas Blvd, Weslaco, TX 78596, 18327 Hwy 99, Lynnwood, WA 98037, 3404 Calumet Ave, Manitowoc, WI 54220 for sales - image #1
Opportunity Zone
Unpriced
Advance Auto Parts & Carquest Corporately
24 Retail Stores Located Along Strong Commercial Corridors

24 LOCATIONS

Pictures of Retail, Office property located at 4934 Magazine St, New Orleans, LA 70115 for sales - image #1
$1,200,000
4934 Magazine St
Prime Commercial Property • New Orleans, LA (Magazine St)

4934 Magazine St New Orleans, LA 70115

Pictures of Retail, Mixed Use property located at 2623 Washington Ave, New Orleans, LA 70113 for sales - image #1
Opportunity Zone
$420,000
2623 Washington Ave
Retail • 2,862 SF

2623 Washington Ave New Orleans, LA 70113

See more properties for sale in New Orleans
See More
See More Similar Properties
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off? Report