Property Description

2231 Saint Claude Avenue presents the opportunity to acquire a stabilized, income-producing commercial asset in one of New Orleans' most active entertainment and redevelopment corridors. The property is fully leased to Emporium Arcade Bar under a Triple NNN lease currently in Year 5 of an initial 10-year term, offering investors durable cash flow with limited landlord obligations. The tenant occupies 100% of the building and operates under an active bar and live entertainment permit, creating a highly specialized hospitality asset with significant operational value already in place. Extensive capital improvements and tenant buildout were completed between 2021?2022, substantially modernizing the property and reducing near-term capital expenditure exposure for future ownership. The asset is currently delivering a 5.96% cap rate with built-in rental escalations increasing returns to a projected 6.91% cap rate. This offering is ideally suited for investors seeking a passive, single-tenant net lease asset with an established operator in place and immediate in-place income. Tenant to remain in place. Business operations are not included in the sale. Full 3D virtual tours available

Property Features