Description
3947 Magazine Street was recently leased out to Rowan, Inc. as their first store in the New Orleans market. Rowan Piercing Studio performs ear piercings using licensed nurses. The corporately guaranteed lease term expires in January of 2030 and follows annual rental increases of 3%. The property is offered at $1,300,000, for a 5.8% capitalization rate. This stretch of Magazine Street is centrally located, and easily accessible for Uptown and Garden District Residents alike.
School Ratings & Info
Description
3947 Magazine Street was recently leased out to Rowan, Inc. as their first store in the New Orleans market. Rowan Piercing Studio performs ear piercings using licensed nurses. The corporately guaranteed lease term expires in January of 2030 and follows annual rental increases of 3%. The property is offered at $1,300,000, for a 5.8% capitalization rate. This stretch of Magazine Street is centrally located, and easily accessible for Uptown and Garden District Residents alike.
Broker and Associates are licensed in the State of Louisiana, USA.
The Fields Group | Keller Williams Realty Premier Partners || 225-664-1911 || Denham Springs, LA.
Terms & Conditions
© 2023 Gulf South Real Estate Information Network. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Fields Group | Keller Williams Realty Premier Partners. Data last updated: 2023-03-24T14:34:47.803.
Listing courtesy of Gulf South Real Estate Information Network.