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3947 MAGAZINE Street, New Orleans, LA 70115
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$1,150,000
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Property Details for 3947 MAGAZINE Street
Price
$1,150,000
Type
commercial/industrial
Year Build
1942
County
Orleans
MLS®️ Listing#
2344170
On exitrealty.com
949 days
Property 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 $1,175,000, for a 6.4% capitalization rate. This stretch of Magazine Street is centrally located, and easily accessible for Uptown and Garden District Residents alike.
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Listing courtesy: Ben & Burka - (504) 301-1002
Listings courtesy of the New Orleans Metropolitan AOR. IDX information is provided exclusively for consumers’ personal, non-commercial use. This information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS.
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Market statistics compiled from data from New Orleans Metropolitan Association of Realtors Inc..
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