3908 Veterans Memorial Blvd - Freestanding FOR SALE


Metairie, LA 70002
$14,500,000 USD
504-300-5179
3908 Veterans Memorial Blvd, Metairie, LA for Sale
$14,500,000 USD
Freestanding - FOR SALE
1/53
null | 7.42% Cap Rate

3908 Veterans Memorial Blvd
Metairie, LA 70002


OVERVIEW

This high-profile building offers a robust, income-generating asset with significant recent upgrades and a favorable financial structure. Features a 7%+ cap rate with potential for more, one of the units was being renovated into a cafe by the current owners. Some features include a new roof with a 20-year warranty, installed on August 12, 2024, providing long-term protection and peace of mind. Upgraded Signage, a state-of-the-art Pillar Sign with a digital component (valued at $250K) enhances visibility and advertising potential. Modern Enhancements include: new landscaping (2022), fresh exterior paint (2022), an extra-large external staircase (valued at $150K) for Blue Cliff College, new cement entrances, and new asphalt with thermal striping (2022). This income producing property is a must see, give us a call today for your private tour! 3908 Veterans Blvd is a premier two-story, 48,000+ SF commercial building located in the heart of Metairie’s bustling retail and medical corridor. This high-visibility asset is surrounded by national brands and major thoroughfares — and anchored by a strong, diversified tenant mix that includes Bonvenu Bank, Rapid Urgent Care, Gel Nails Salon, Blue Cliff College, and the U.S. Coast Guard. With 209 feet of frontage on Veterans Memorial Blvd and a digital monument sign commanding daily traffic counts in the tens of thousands, this property offers unmatched exposure and long-term stability. Also includes the parking lot directly behind the building as well. Why Investors Are Paying Attention: Newly reduced insurance premium for 2025 = dramatically lower NNN costs, improving tenant retention and investor cash flow Flexible leasing incentives available now for two remaining suites (±2,900 SF and ±1,900 SF), allowing for value-add income potential Recent upgrades completed in 2022, including a new roof with 20-year warranty, enhanced landscaping, fresh exterior paint, and a state-of-the-art $250K digital pylon sign Strong existing tenant base with government, medical, financial, and educational anchors Surrounded by major retailers, hospitals, and less than 10 minutes from New Orleans CBD Whether you’re seeking passive income with upside, a 1031 exchange opportunity, or a long-term hold in a top-performing corridor, 3908 Veterans delivers location, leverage, and legacy potential.

FOR SALE DETAILS

PRICE

$14,500,000 USD

PRICE/SF

$302 USD /SF

CAP RATE

7.42%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Bank, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

225

LAND DETAILS

LAND ACRES

2.3 AC

LAND SF

100,188 SF

ZONING

C-2

APN/PARCEL ID

0820036337

ASK ABOUT THIS PROPERTY

Brittany Picolo RamosKeller Williams Realty New OrleansMore Info
504-300-5179

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Brittany Picolo RamosKeller Williams Realty New OrleansMore Info
504-300-5179

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