3176 Barataria Blvd, Marrero, LA 70072

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Rhett H.

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Building Details:

• Year Built: 2005

3176 Barataria Blvd is aretail property for lease in Marrero, LA.

Great 1031 Investment Opportunity. Oak Cove is a 17,906 SF retail neighborhood strip center located on the South Barataria retail corridor, great visibility! Good traffic count at 40,000 CPD and ease of Ingress and egress. Current cap rate is 7% and 2015 Proforma cap rate is projected at 7.9%. A New roof was just put on two years ago and has a 20 year warranty. 70% of operating expenses are reimbursed by the tenants. Anytime Fitness has approximately 900 members and Dollar Generals annual sales are estimated to be between $1.6 and $1.9 million.

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