Listed by SURMOUNT
$7,507,200
Fast Stop Gas Station
Details
Property Type Retail
Square Footage 6,912
Cap Rate 7.50%
NOI $563,040
Occupancy 100%
Tenancy Single
Brand/Tenant Fast Stop Gas Station
Lease Type NNN
Lease Term 20
Lease Expiration 08/31/2045
Remaining Term 19.8
Rent Bumps Yes
Lease Options 4, 5-Year Options
Year Built 1998
Acreage 0.220
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/01/2025
Ground Lease No
Ownership Fee Simple
About This Property
Marketing description
Surmount is pleased to present the exclusive listing for a Fast Stop Gas Station located at 3411 South Carrollton Avenue, New Orleans, LA 70125. The site consists of roughly 6,912 rentable square feet of building space on an estimated .22-acre parcel of land. Fast Stop Gas Station is subject to a 20.01 year Triple Net (NNN) lease, which commenced 12/19/2025. The current annual rent is $563,040 and has scheduled increases of 2.00% Annually.
Investment highlights
- Absolute Triple Net Lease with No Landlord Responsibilities | The subject property is under a brand-new 20-year absolute triple net lease, placing all expenses on the tenant and eliminating landlord responsibilities. This structure ensures investors receive predictable, passive income with long-term stability.
- Flexible Gas, C-Store & Retail Use | The Fast Stop is designed to support a diversified income model, with the ability to lease or operate components including fuel sales, a convenience store, laundry, and additional retail uses. This flexible configuration allows for multiple revenue streams from a single asset, increasing customer traffic, enhancing cross-selling opportunities, and supporting stable, resilient cash flow.
- High Population Density Supporting Daily-Needs Retail | The asset is supported by approximately 164,000+ residents within a 3-mile radius and nearly 360,000 within 5 miles, providing a deep and diverse customer base.
- Attractive 2% Annual Rental Increases | The lease includes 2% annual rent increases during the 20-year base term and each of the four 5-year option periods. This predictable escalation structure supports long-term income growth and provides a hedge against inflation.
- Robust Traffic Counts | South Carrollton Avenue experiences traffic counts exceeding 58,000 vehicles per day, highlighting the corridor’s role as a major commuter and commercial route within the New Orleans metro. The property benefits from consistent daily traffic driven by its proximity to Interstate 10, surrounding residential neighborhoods, and nearby universities.
- Proximity to Major Universities Driving Consistent Daily Demographics | The property is located within close proximity to Tulane University and Loyola University New Orleans, two major institutions that generate consistent year-round traffic from students, faculty, and staff. This institutional demand creates strong daytime and evening traffic patterns, supporting both convenience retail and food service uses.
Listing Contacts
Listed by SURMOUNT
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$563,040.00
$46,920.00/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
Map
Zoning
HU-MU MixedMixed UseHistoric Urban Neighborhood Mixed Use District
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 94 uses
View all 94 uses Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Is there information that looks off?
