NNN leased investment property on Williams Blvd., in Kenner, Louisiana with minimal landlord responsibilities. The multi-tenant office building is 5,618 square feet and situated on 0.45 acres. Thirty-two (32) on-site parking spaces are included in the sale. Renovated in 2013, this office investment is in excellent condition.

The property is currently 100% leased to an engineering firm and law firm.? The tenants have four years remaining on a seven-year lease with an NOI of $72,000/year.?

Kenner is the seventh-largest city in Louisiana. It is the largest city in Jefferson Parish and the largest incorporated suburban city of New Orleans. Kenner is located on the west side of the New Orleans-Metairie-Kenner metro area, in Jefferson Parish. Its boundaries are Lake Pontchartrain to the north, the Mississippi River to the south, the unincorporated areas of Metairie and River Ridge to the east, and St. Charles Parish to the west.

The New Orleans MSA, with an estimated 586,200 nonfarm workers, is the largest MSA in the state. Situated in the “toe of the boot” near the mouth of the Mississippi, the MSA’s system of ports ranks among the largest in the world in terms of tonnage moved. It houses a huge medical complex for veterans and non-veterans, and it is the home to several universities—the largest being the University of New Orleans and Tulane University. New Orleans proper is a tourism magnet, in some cases attracting tourists to the unique French Quarter and to the MSA’s substantial gaming industry—anchored by the state’s only land-based casino, two other riverboat casinos, and the Fair Grounds Racetrack. Several large refineries (including the third largest in the country) and chemical firms reside within this MSA’s boundaries, along with some key energy exploration companies such as Chevron and Shell. Recently the region has begun attracting a burgeoning tech sector.