Property photo 1
Property photo 2
0 Beds
0 Baths
14,000 sqft

$350,000

310 E MAIN Street, Gramercy LA, 70052

Price per sqft$25.00
Built in1960
Property size14,000 sqft
Property typeCommercial
Courtesy of Aaron Kazanoff with Ben & Burka

Overview

Active

Listed Jan 17, 2025

Updated Jun 24

Available for sale, 310 E Main Street offers a stabilized single tenant NNN investment property with strong tenancy history. The tenant, Variety Wholesalers (operating as Roses Express), has hundreds of stores nation wide and has roots at this site since 1989. Additionally, Variety Wholesalers recently announced that they will be purchasing an additional 200-400 former Big Lots stores throughout the nation. The lease was most recently extended for a new 5 year term in 2021, and tenant has no plans of relocating. The property, standing at nearly 15,000 SF, features ample off-street parking, strong street presence along Main Street, new roof c. 2022, and major renovation after Hurricane Ida to modernize and repair the building. The tenant is currently paying $38,500/year + NNN in addition to a percentage rent (which in recent years has been averaged ±$1,200/year). The site is located in Gramercy and provides one of the only shopping outlets in the area. Gramercy is located between New Orleans and Baton Rouge and sits right on the Mighty Mississippi.
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Listing Contact: (504) 301-1002 

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