4601 Veterans Blvd, Metairie, LA 70006

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.