6721 WESTBANK EXPY Marrero LA 70072

Property History

Property Type

Retail

Property Subtype

Storefront

Marketing Description

Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a NN Dollar Tree with 6+ years remaining. The tenant recently executed first option early, putting into effect a 3.7% rental increase in August of 2022. The subject property is located less than 10 miles from Downtown New Orleans, with a 5 mile population of 230,505 residents.

Broker of Record - Brian Brockman - Bang Realty, Inc. - LA #BROK.0995684990-ASA

Investment Highlights

NN Dollar Tree With 6+ Years Remaining - Limited Landlord Responsibilities
Tenant Executed First Option Early - 3.7% Rental Increase to Commence August 2022 – Strong Indicator of High Performing Store
7.27% Cap Rate with Upcoming Rental Increase (If Purchased at List Price)
Located 10 Miles From Downtown New Orleans, the Most Populous City in LA - World-Renowned for it's Unique Culture & Mardi Gras Celebration
Very Strong Demographics With a Population of 230K+ in 5 Mile Radius
Great Visibility Along US-90 (68,320+ VPD) & Easily Accessible With 3 Points of Entry into Large Concrete Parking Lot
Surrounded by Several Major Tenants Including: Popeyes, AutoZone, O'Reilly, McDonalds, Wendy's, CVS Pharmacy & More
Located Near Five Schools Within 1 Mile, Creating Additional Customer Traffic to Area

Loan History

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Financial History

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Net Operating Income

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Reporting Date

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Tax History

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Contact Information

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