2625 Veterans Memorial Blvd - Freestanding FOR SALE


Kenner, LA 70062
$58,333,333 USD
781-776-4003
2625 Veterans Memorial Blvd, Kenner, LA for Sale
$58,333,333 USD
Freestanding - FOR SALE
1/5
null | 6% Cap Rate

2625 Veterans Memorial Blvd
Kenner, LA 70062


HIGHLIGHTS

  • Long Term Tenant
  • Attractive Rent Increases
  • Irreplaceable Retail Location
  • Investment Grade Credit
  • Zero Management Responsibilities
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a corporate Home Depot ground lease located at 2625 Veterans Boulevard in Kenner, Louisiana (the “Property”), a suburb of New Orleans. The Property is improved by a free standing 174,522 square foot building on a 12.94-acre parcel. The Home Depot has been at this location since it was constructed and has over 6 years of term remaining with ten (10), 5-year renewal options. The Home Depot lease provides for attractive 5% rent increases at the start of each option period. The Property occupies a strong location at the intersection of Roosevelt Boulevard and Veterans Boulevard, a major commercial and commuter corridor in the market. Home Depot is situated adjacent to Walmart Supercenter and is surrounded by a concentration of national retailers and restaurants that generate significant consumer traffic. The site offers convenient access to Interstate 10, Interstate 310, and U.S. Route 61, providing efficient connectivity to Downtown New Orleans and the broader southern Louisiana region. The Property is three miles from Louis Armstrong New Orleans International Airport and 10 miles west of New Orleans’ Central Business District, further enhancing its accessibility and regional draw.

FOR SALE DETAILS

PRICE

$58,333,333 USD

PRICE/SF

$318 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Home Depot

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

12.94 AC

LAND SF

563,666 SF

ZONING

CR

APN/PARCEL ID

3923044820

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.