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. <br />

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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. <br />

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The lease has a 5 (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 1st option term and $99,981.00 for the 2nd 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. <br />

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View Full Listing: <a href="http://realestate.oodle.com/j_a2xx_/4011063619-1662u1097,23-0F2BE7D5FDE3/realestate.oodle.com___pxblSkRjUzlEOfyZ-dzQX5UnB5R6favoa6W0IO36QEwEbZXspqTvEQ11LdGYV85uQ4YT5b8iAWWmDd_mQqa0_zILSK-0byyOYY2EnNFWMHH38hfEn47EE6YN3-ZCprT_xfQ99xlX0V1r2rSfxwr-et_kmo1lOCm07N6lbMBsledHXp05AI6pA2_dIc7A07EQ" rel="nofollow">here</a>