Active
Sale
Investment
Retail

New Orleans STNL Investment -4243 Canal St |

4243 Canal St, New Orleans, LA 70119

For Sale

$1,500,000

$411.86/SF

Building Size
3,642 SF
Lot Size
0.17 ac
Parish
Orleans
Listed
08/06/2026
Updated
08/25/2026
Cap Rate
7.48%
New Orleans STNL Investment -4243 Canal St |
1 / 3

Overview

This single tenant net lease (STNL) investment features Meineke Car Care Center as the in-place tenant, offering investors a passive income asset with minimal landlord responsibilities. The property's layout supports Meineke's service operations, making this a stable, purpose-built hold for investors seeking a proven automotive use in an established corridor. With NNN lease terms in place, this asset appeals to buyers prioritizing stable, low-maintenance returns.

Positioned along Canal St in New Orleans with access to the Canal streetcar and bus lines, this property sits within a dense, high-traffic retail corridor near Costco, Trader Joe's, and Chick-fil-A. The surrounding area also offers convenient access to pharmacies, restaurants, and a nearby library, further supporting steady foot and vehicle traffic through the immediate trade area.

  • Business is not for sales. Please do not contact tenant.
  • 6 bay doors and 8 parking spots
  • Pylon sign/signage
  • Dedicated turn lane
  • Nearby retailers include an upcoming Aldi, Rouses, Marshall's and Petco

Additional Information

City
New Orleans
State
LA
Zip Code
70119
Zoning
HU-MU
Zoning Desc.
Historic Urban Neighborhood Mixed Use District
NOI
$112,200
Building Name
Meineke Car Care Center
Parcel APN
206208821
Listing ID
f101cf50

Parcel & Location