393-397 W Esplanade Ave - Freestanding FOR SALE


Kenner, LA 70065
$9,300,000 USD
504-831-2363
393-397 W Esplanade Ave, Kenner, LA for Sale
$9,300,000 USD
Freestanding - FOR SALE
1/8
null | 8.06% Cap Rate

393-397 W Esplanade Ave
Kenner, LA 70065


HIGHLIGHTS

  • Anchored by Ollie’s Bargain Outlet (only East Bank location)
  • Surrounded by major traffic drivers including Walmart and Ochsner Health Center
  • Convenient access to I-10 and Veterans Boulevard and minutes from Louis Armstrong New Orleans International Airport
  • New roof in 2024 with 20 year warranty
  • Property has a new paint job as of January 2026

OVERVIEW

Kenner Center is a well-established retail destination positioned near the intersection of West Esplanade Avenue and Loyola Drive, minutes from Louis Armstrong New Orleans International Airport. Anchored by Ollie’s Bargain Outlet, Dollar Tree, and the recently opened AutoZone, the center benefits from a balanced mix of value retail, daily-needs shopping, and destination-driven service. Ollie’s, the only East Bank location in the New Orleans market, serves as a major regional draw, while Dollar Tree and AutoZone deliver strong, steady customer traffic that reinforces the center’s long-term stability. The property’s location near Chateau Estates and Country Club, Walmart Supercenter, and Ochsner Health Center adds to its enduring appeal, attracting both daily-use consumers and surrounding residential communities. With convenient access to I-10 and Veterans Boulevard, Kenner Center offers excellent visibility and connectivity throughout the greater New Orleans metro area, making it a compelling opportunity for investors seeking a stable retail asset in a proven market. Property has a new roof in 2024 with 20 year warranty. Property has a new paint job as of January 2026. Buyer's broker fee to be paid by buyer. ± 78,000 SF multi-tenant retail center Anchored by Ollie’s Bargain Outlet (only East Bank location) High occupancy with historically low tenant turnover Surrounded by major traffic drivers including Walmart and Ochsner Health Center Near Chateau Estates and Country Club Convenient access to I-10 and Veterans Boulevard and minutes from Louis Armstrong New Orleans International Airport 200 surface parking spaces Zoned C-2 New roof in 2024 with 20 year warranty Property has a new paint job as of January 2026.

FOR SALE DETAILS

PRICE

$9,300,000 USD

PRICE/SF

$178 USD /SF

CAP RATE

8.06%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

LAND ACRES

4.98 AC

LAND SF

217,019 SF

ZONING

C-2

APN/PARCEL ID

3923108609

ASK ABOUT THIS PROPERTY

Steven ReisigSRSA Commercial Real EstateMore Info
504-831-2363

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

Steven ReisigSRSA Commercial Real EstateMore Info
504-831-2363

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