NNN Retail Ground Lease
For Sale
Contact for pricing
4601 Veterans Blvd, Metairie, LA 70006
Four fully leased NNN retail properties anchored by national brands including Walgreens and Circle K.
Property Size30,000 SF
Price / SF$614.27
Days on Market58
Property Features for 4601 Veterans Blvd
General Information
Standard status
Active
Size
30,000 SF
Property subtype
Retail
Occupancy
100%
Site & Location
Traffic Count
50,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
5.3%
Building Details
Tenancy
Multi
Listing Agency:
RE/MAX Commercial Brokers Inc
Listed By:
Charlie Juge · License #LA 995712758
Source:
Crexi
Added: Jun 8
Changed: Jul 10
Last Checked: Aug 3 at 7:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Commercial Brokers Inc
Investment Insights
Based on property information with market context.
This offering presents the Veterans Ground Lease Portfolio, a four-property NNN retail cluster operated as zero-landlord-expense properties. The portfolio is fully leased and occupied by national brands listed in the offering materials, including Circle K, Walgreens, Carrabba’s Italian Grill, and Taco Bell, each secured under a ground lease structure.
The properties are situated along Veterans Memorial Boulevard in Metairie, Louisiana, with stated proximity to Clearview Mall, Target, and AMC Theatres, as well as major medical hubs associated with Ochsner Health. The location is also described as convenient to I-10, New Orleans International Airport, and the New Orleans CBD, with the materials citing approximately 15 minutes to the CBD. The corridor is described as carrying over 50,000 vehicles per day.
As presented, the portfolio provides a consolidated annual NOI of $981,644, with NOI that includes two exercised options to extend. The offering is presented at a blended cap rate of approximately 5.3% based on the provided terms. The portfolio is offered for sale as a ground lease investment, and prospective buyers are encouraged to contact the broker for access to the OM flyer and additional details on pricing and leasing options. There is no buyers broker fee offered on this sale.
The properties are situated along Veterans Memorial Boulevard in Metairie, Louisiana, with stated proximity to Clearview Mall, Target, and AMC Theatres, as well as major medical hubs associated with Ochsner Health. The location is also described as convenient to I-10, New Orleans International Airport, and the New Orleans CBD, with the materials citing approximately 15 minutes to the CBD. The corridor is described as carrying over 50,000 vehicles per day.
As presented, the portfolio provides a consolidated annual NOI of $981,644, with NOI that includes two exercised options to extend. The offering is presented at a blended cap rate of approximately 5.3% based on the provided terms. The portfolio is offered for sale as a ground lease investment, and prospective buyers are encouraged to contact the broker for access to the OM flyer and additional details on pricing and leasing options. There is no buyers broker fee offered on this sale.
Key Highlights
- 4‑property fully leased NNN retail ground lease portfolio in Metairie, LA
- Tenants include Circle K, Walgreens, Carrabba's Italian Grill, and Taco Bell
- Strategically located on Veterans Memorial Boulevard near Clearview Mall, Target, and AMC Theatres
Property Analytics
Property Profile
Current Use
Lease Details
50,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,380
Businesses Nearby
Explore this area
Business Placement
Demographics for 70006, LA
16,540
Population
6,645
Households
2.5
Avg Household Size
39
Median Age
38%
College-Educated
89%
High-School Grad
2.6 sq mi
ZIP Area
6,362
Density / Sq Mi
$74,049
Median Household Income
$42,120
Median Earnings
$1,206
Median Rent
$333,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Four fully leased NNN retail properties anchored by national brands including Walgreens and Circle K.
Where is this nnn property located?
The property is located at 4601 Veterans Blvd Metairie, LA.
What is the asking price?
The asking price for this property is $18,428,219.
What are key features of this property?
This property features: 4‑property fully leased NNN retail ground lease portfolio in Metairie, LA; Tenants include Circle K, Walgreens, Carrabba's Italian Grill, and Taco Bell; Strategically located on Veterans Memorial Boulevard near Clearview Mall, Target, and AMC Theatres
