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New Orleans, LA - Fast Stop

$3,800,000

7200 Downman Road, New Orleans, LA 70126

Active
Last Updated: 06/12/2026

7.5

Cap Rate

285,000

NOI

Details:
Cap Rate:    7.5%
NOI:    $285,000
Building Size:    2,766 sqft
Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Fast Stop investment property located in New Orleans, Louisiana. The tenant, Pinnacle Oil & Gas Holdings, Inc., recently signed a brand new 20 year lease with approximately 19.5 years remaining and 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

The Fast Stop is located near the signalized, hard-corner intersection of Downman Rd and Morrison Rd, combining to average over 28,500 vehicles passing by daily. Downman is a major retail thoroughfare serving the city of New Orleans. The Fast Stop is located across from an 85,000+ square foot UPS Shipping Center. The property is within 2 miles of The University of New Orleans, which has an enrollment of over 5,800 students. Additionally, the asset is approximately 7 miles from the heart of downtown New Orleans, a lively and popular area. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Winn-Dixie, Dollar General, McDonald’s, Burger King, Advance Auto Parts, and more, further increasing consumer traffic to the site. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The site benefits from excellent visibility via significant street frontage and a large sign along Downman Rd, and has multiple points of ingress/egress. The 5-mile trade area is supported by a population of over 163,800 with an average household income of $74,384.

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