Investment Overview
This 9.92-acre M-1 zoned industrial outdoor storage site offers a turnkey investment with stable, long-term income in a high-demand location within St. Charles Parish. Currently under a triple net (NNN) lease to Enterprise Rent-A-Car, a nationally recognized tenant with excellent credit, the property generates reliable cash flow while the tenant is responsible for taxes, insurance, and maintenance.
Ideally positioned for continued use as a vehicle storage and rental facility, this stabilized, income-generating asset sits in a growing industrial submarket. The site provides immediate income and operational continuity with a tenant in place.
Investment Highlights
- Hands-off NNN investment
- Mission critical location near New Orleans International Airport (MSY).
- Tenant has leased property for 12+ years.
- Below market lease rate
- NOI Increase 12/26
- Fully Stabilized site with outdoor lighting and 1,000 SF office
- Zoning: M-1 (Light Industrial) — supports a wide range of commercial, industrial, outdoor storage, and vehicle-related uses.
- Excellent connectivity: Just 0.9 miles to I-310, 2.7 miles to I-10, with direct frontage access via US Hwy 61 and State Rte 50.