3636 Prytania St, New Orleans, LA 70115

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Jonathan D Shaver, C.

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Building Details:

3636 Prytania St is aretail property for lease in New Orleans, LA.

The subject property, situated on Prytania Street in the heart of the Touro Medical Center campus, is being offered for sale as a net leased investment. The property is in a prime Uptown New Orleans location with great visibility, signage and parking.

The building is a single story, 2,558sf commercial structure that is undergoing a complete renovation at the tenant's expense. It sits on a 6,825sf that is paved in front of the building to provide eleven (11) parking spaces.

The lease has a five (5) year initial term with rent commencing August 1, 2015 with two (2) five (5) year options to extend. Rent is $75,600.00 for the initial lease term with fifteen percent (15%) increases thereafter - $86,940.00 for the first option term and $99,981.00 for the second option term. The lease is NNN with the tenant responsible for payment of property taxes and insurance, as well as for maintenance of the building, throughout the term of the lease and any options exercised.

The tenant is Urgent Care MD, a local urgent care business with locations in Lakeview and Mid-City.

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