STNL - Single Tenant Net Lease - NNN
New Orleans, LA
Property Details
4243 Canal Street, New Orleans, LA 70119
- Transaction Type For Sale
- Sale Price $1,500,000
- CAP Rate 7.50%
- Building size 3,642 SF
- Lot Size 0.17 Acres (7,405 SF)
- Property Type Retail, Investment
Description
This single tenant net lease (STNL) investment features Meineke Car Care Center as the in-place tenant, offering investors a passive income asset with minimal landlord responsibilities. The property's layout supports Meineke's service operations, making this a stable, purpose-built hold for investors seeking a proven automotive use in an established corridor. With NNN lease terms in place, this asset appeals to buyers prioritizing stable, low-maintenance returns. Business is not for sale. Please do not contact tenant.
Location Overview
Positioned along Canal St in New Orleans with access to the Canal streetcar and bus lines, this property sits within a dense, high-traffic retail corridor near Costco, Trader Joe's, and Chick-fil-A. The surrounding area also offers convenient access to pharmacies, restaurants, and a nearby library, further supporting steady foot and vehicle traffic through the immediate trade area.
