4920 TCHOUPITOULAS ST New Orleans LA 70115-1713

Great investment opportunity to own one of the largest contiguous parcels available on Uptown Tchoupitoulas corridor with successful, long term doggie day care lease in place. The current tenant, Canine Connection, has been operating at this location since 2009. They offer dog day care, overnight boarding, and grooming services. This property presents an ideal mix of a steady, long-term operator with natural barriers for competition in the market as well as future development opportunity via a covered land play with a strong yield.

KEY DETAILS

- 8% (Yr 1) yield with 3% annual rent increases

- Limited Landlord responsibility

- Long term, established tenant (15 yrs) who has a track record of running a successful business and who just renewed for another 5 yrs

- Inherent barriers to entry for competition in the market for dog daycare use

- One of the largest land assemblies on the Tchoupitoulas corridor for future development with favorable zoning (MU-1)

- Cost Segregation analysis showing potential tax savings completed for Property - Contact agent for more details.

Tenant recently signed a new 5-yr lease with an option to extend for an additional 5 years. Contact agent for more details.

LOCATION

In addition to local mainstays like Tipitina’s, Hansen’s Sno-Bliz, Rouses, and Riverside Market, this stretch of Tchoupitoulas St in Uptown New Orleans is experiencing a revitalization. Many new businesses are thriving here, including Barracuda, Francolini’s, Mojo Coffee, Port Orleans, and Extra Space Storage, and numerous new developments have recently completed: East Riverside Veterinary Hospital and apartments as well as Resource Bank’s new office and branch.

*REAL ESTATE ONLY - BUSINESS NOT FOR SALE*

*PLEASE DO NOT DISTURB TENANT*