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32046084
32046086

421 Almedia Rd, Saint Rose, LA 70087 For Sale

MT
LA LA 0000006690
Property One Inc
HI
LA 995711243
Property One Inc
LA
LA 912122856
Property One Inc
Listed by Property One Inc
$3,900,000
79 days on market
Updated 8 days ago

NNN IOS Investment Property

Details
Property Type Industrial, Land
Sub Type Industrial
Cap Rate 6.46%
Tenancy Single
Brand/Tenant Enterprise Rent-A-Car
Lease Type NNN
Lease Expiration 11/29/2026
Rent Bumps Yes
Lease Options Renewal 12/1/26-11/30/29; Option 1 12/1/29-11/30/34; Option 2 12/1/34-11/30/39; Option 3 12/1/39-11/30/44
Lot Size (SqFt) 362,208
Zoning M-1

421 Almedia Rd, Saint Rose, LA 70087

Marketing description

This 9.92-acre M-1 Zoned Industrial Outdoor Storage Site Offers a Turnkey Investment with Stable, Long-term Income in a High-demand Location Within St. Charles Parish. Currently Under a Triple Net (NNN) Lease to Enterprise Rent-a-car, a Nationally Recognized Tenant with Excellent Credit, the Property Generates Reliable Cash Flow While the Tenant is Responsible for Taxes, Insurance, and Maintenance. Ideally Positioned for Continued Use as a Vehicle Storage and Rental Facility, This Stabilized, Income-generating Asset Sits in a Growing Industrial Submarket. The Site Provides Immediate Income and Operational Continuity with a Tenant in Place.

Situated in Prime St. Rose Within St. Charles Parish, This Property Has Outstanding Positioning in the Greater New Orleans Metropolitan Area. It Offers Excellent Connectivity with Just 0.9 Miles to I-310, 2.7 Miles to I-10, and Direct Frontage Access via US Hwy 61 and State Rte 50. The Site Lies Only 3.4 Miles from Louis Armstrong New Orleans International Airport (Msy) and is in Close Proximity to the Mississippi River (0.8 Miles) and Major Regional Ports, Making It Highly Ideal for Logistics, Vehicle Storage, Equipment Yards, and Future Expansion.

Investment highlights

  • Hands-off NNN investment
  • Mission critical location near New Orleans International Airport (MSY).
  • Tenant has leased property for 12+ years.
  • Below market lease rate
  • NOI Increase 12/26
  • Fully Stabilized site with outdoor lighting and 1,000 SF office
  • Zoning: M-1 (Light Industrial) — supports a wide range of commercial, industrial, outdoor storage, and vehicle-related uses.
  • Excellent connectivity: Just 0.9 miles to I-310, 2.7 miles to I-10, with direct frontage access via US Hwy 61 and State Rte 50.

Listing Contacts

MT
LA LA 0000006690
Property One Inc
HI
LA 995711243
Property One Inc
LA
LA 912122856
Property One Inc
Listed by Property One Inc

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Additional Information

Name
Matt Taylor
License
LA 0000006690
Brokerage
Property One, Inc
Brokerage Address
3500 North Causeway Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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