4601 Veterans Memorial Blvd - Service Station FOR SALE


Metairie, LA 70006
$18,428,219 USD
504-915-8877
4601 Veterans Memorial Blvd, Metairie, LA for Sale
$18,428,219 USD
Service Station - FOR SALE
1/11
null | 5.33% Cap Rate

4601 Veterans Memorial Blvd
Metairie, LA 70006


OVERVIEW

Introducing the Veterans Ground Lease Portfolio, a prime NNN investment opportunity featuring a four-property retail cluster in Metairie, LA. Strategically located on Veterans Memorial Boulevard, this portfolio boasts proximity to premier traffic drivers like the Clearview Mall, Target, AMC Theatres, and major medical hubs like Ochsner Health. With convenient proximity to I-10, the New Orleans International Airport, and the New Orleans CBD just 15 minutes away, accessibility is unmatched. The dense commercial hub of Metairie carries over 50,000+ vehicles per day along its premier retail corridor. With a total population of 184,367 within a 10-minute drive and a median household income of $72,179, the consumer base for this retail trade area is remarkably strong. The portfolio includes fully leased, zero-landlord-expense properties occupied by investment-grade national brands: Circle K, Walgreens, Carrabba’s Italian Grill, and Taco Bell. Explore the opportunity to acquire the Veterans Ground Lease Portfolio and unlock its full potential as a passive, high-yielding income stream in this bustling area. Contact the broker for further details on pricing and leasing options. There is no buyers broker fee offered on this sale. The 4-property NNN ground lease portfolio is for sale at $18,428,219, generating a total annual NOI of $981,644 (NOI includes 2 excercized options to extend) at a ~5.3% blended cap rate. PLEASE CONTACT AGENT FOR OM FLYER ACCESS PASSWORD!

FOR SALE DETAILS

PRICE

$18,428,219 USD

PRICE/SF

$2,017 USD /SF

CAP RATE

5.33%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

PRIME Retail Ground Lease Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Fast Food, Freestanding, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

4 AC

LAND SF

174,240 SF

ZONING

BC2

APN/PARCEL ID

0820027049

ASK ABOUT THIS PROPERTY

Richard JugeRE/MAX Commercial Brokers, Inc.More Info
504-915-8877

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Richard JugeRE/MAX Commercial Brokers, Inc.More Info
504-915-8877

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