Sale

Magazine NNN Investment

3947 Magazine Street, New Orleans, Orleans 70115

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.

The property is on the same block as Indochino, Warby Parker, Billy Reid, Marine Layer, UnTuckit, and J. McLaughlin and is within a few blocks of high-end boutique Pilot and Powell, Tasc Performance Apparel, Lululemon, Shaya, La Petite Grocery, Lilette, Leontine Linens, Weinstein’s, and Mac Maison Antiques, as well as many other home décor, restaurants, and antique stores. 

This stretch of Magazine Street is centrally located, and easily accessible for Uptown and Garden District Residents alike. Due to its location on Magazine Street, as well as its unique mix of co-tenancy, this specific area of Magazine Street also attracts many tourists. 

 

For additional information, see linked 3947 Magazine Street Sale Brochure.

Detail
Zoning
HU-B1
Property Size
1230 SqFt
Property Type
Investment

Address

Address: 3947 Magazine Street

City: New Orleans

Parish: Orleans

Zip Code: 70115

Neighborhood: Magazine Street

Contact Agents

Ben Jacobson

1900 Cadiz St., STE A
New Orleans, LA 70115
504.301.1002 ben@benburka.com

Casey Burka

1900 Cadiz St., STE A
New Orleans, LA 70115
504.301.1002 casey@benburka.com

Aaron Kazanoff

1900 Cadiz St., STE A
New Orleans, LA 70115
504.301.1002 aaron@benburka.com

Cameron Tveit

1900 Cadiz St., STE A
New Orleans, LA 70115
504.301.1002 cameron@benburka.com

Call or Text

504.301.1002

Our Office

1900 Cadiz Street, Suite A
New Orleans, LA 70115

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Call or Text

504.301.1002

Our Office

1900 Cadiz Street, Suite A
New Orleans, LA 70115

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