Commercial Property for Sale in Kenner Louisiana 70065

4200 Williams Blvd, Kenner Louisiana, 70065

Listing ID: CL-Louisiana-12467 Commercial Automotive Retail
Published on: Thursday, October 17, 2024 | Updated on: Thursday, October 17, 2024

Listing Summary

This property offers an outstanding investment opportunity backed by a corporate guarantee from Monro Inc. (NASDAQ: MNRO), one of the largest tire and auto service chains in the U.S., providing strong financial security.

Full Description

This property offers an outstanding investment opportunity backed by a corporate guarantee from Monro Inc. (NASDAQ: MNRO), one of the largest tire and auto service chains in the U.S., providing strong financial security. Located just 0.6 miles from the new $100 million Treasure Chest Casino Development and less than 4 miles from New Orleans International Airport, it boasts a prime position in a rapidly growing area. With over 25 years of operation in the community, this recession-resistant tenant ensures consistent demand for automotive services. The surrounding region, including Kenner’s Laketown, is poised for further development, supported by strong demographics in the New Orleans MSA.

Quick Glance

  • Listing ID: CL-Louisiana-12467
  • Status: Active
  • Year Build: N/A
  • Building Size: 5,480 SqFt
  • Lot Size: 5,480.00 Acre

Additional Links

Property Documents

Complete Details

  • Building Size: 5,480 SqFt
  • No of Stories: 1
  • Total Lot Area: 5,480.00 Acre
  • No of Total Units: 1
  • Heating and Cooling: Not Specified
  • Building Class: Class A
  • Occupancy: 100

Pricing Details

Additional Features

Tenants
  • Investment Net Lease type: NN+
  • Brand/Tenant: Tire Choice
  • Lease Term: 10 years
  • Remaining Term 4.9 years
Highlights
  • he lease is backed by Monro Inc. (NASDAQ: MNRO), a leading chain of tire and auto service centers across the United States. With a ±1,300-unit corporate guarantee, Monro Inc. provides significant financial backing.
  • The subject property is ideally positioned just 0.6 miles from the brand new, ground up $100 million Treasure Chest Casino Development and less than a 4 mile drive from New Orleans International Airport.
  • The surrounding area, particularly Kenner’s Laketown, is poised for substantial development with a proposed 40-acre, $450 million recreational and residential project.
  • This automotive repair location has a lengthy 25+ year operating history within the surrounding submarket making it a convenient and established option for consumers in and around Kenner.
Features
  • Auto service businesses are typically less vulnerable to economic downturns, as vehicle maintenance remains a necessity even in a recession.

Listing Location

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