NNN IOS Investment Property
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.
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