Thomas Hancock

New Orleans LA Commercial for Sale

We are pleased to present a tenant occupied investment property located along the vibrant Maple Street corridor. This property was renovated in 2013 and is occupied by a stable, highly popular tenant that services both nearby university students, as well as Uptown residents.The 1,200 square foot commercial property has operated as a Jimmy John s since 2013. The tenant recently exercised their final 5-year renewal option that will commence 1/1/2025. The Maple Street location of the property paired with the strength of the tenant make this a highly appealing investment opportunity.The rent schedule is as follows: 2025- $2,500/mo or $30,000 annually 2026- $2,550/mo or $30,600 annually 2027- $2,601/mo or $31,212 annually 2028- $2,653/mo or $$31,836 annually 2029- $2,706/mo or $32,473 annuallyTHE CURRENT LEASE IS WELL BELOW MARKET. As a result, this is an opportunity to collect limited risk rental income in the interim with future upside of increasing rental income to align with existing Maple Street rates.