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New Retail Space Near UNO
For Lease
$4,114/Mo

6750 Franklin Ave, New Orleans, LA 70122

New retail space near University of New Orleans and Lakefront Arena.

Space SizeContact for details
Days on Market173

Property Features for 6750 Franklin Ave

General Information

Standard status Active

Building Details

Year Built 2023
Listing Agency: Southeast Commercial of MS, LLC
Listed By: Matthew Eaton · License #000072493
Source: Dominionplace
Added: Mar 26 Changed: Sep 8 Last Checked: Sep 13 at 12:38PM

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 Southeast Commercial of MS, LLC

Investment Insights

Based on property information with market context.

This new construction retail end cap space offers 1,975 square feet in a high-traffic location. Situated next to the University of New Orleans and steps away from the Lakefront Arena, the property benefits from a dynamic atmosphere and a constant flow of traffic, catering to students and locals. The space is located within the only grocery store anchored shopping center for miles, anchored by Rouses Market, creating a synergistic retail environment.

Key Highlights

  • Located next to the University of New Orleans and Lakefront Arena, ensuring high visibility and foot traffic.
  • Anchored by Rouses Market, a major grocery store, driving consistent customer flow.
  • Situated in the only grocery store anchored shopping center for miles, minimizing competition.

Property Analytics

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Current Use

Extra Space Storage Storage Facility

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Repair Shop Dental Office Law Firm Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

326
Businesses Nearby
57k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 78% Dining 21% Electronics 1%
Rouses Market Groceries
44,447 visits/mo 0.2 miles
SUBWAY Dining
4,469 visits/mo 0.1 miles
PJ's Coffee of New Orleans Dining
4,441 visits/mo 0.2 miles
Smoothie King Dining
3,058 visits/mo 0.2 miles
Boost Mobile Electronics
731 visits/mo 0.2 miles

Demographics for 70122, LA

34,986
Population
17,131
Households
2
Avg Household Size
39
Median Age
37%
College-Educated
89%
High-School Grad
6.3 sq mi
ZIP Area
5,553
Density / Sq Mi
$47,613
Median Household Income
$38,248
Median Earnings
$1,196
Median Rent
$274,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for New Orleans, LA

$28.36 /SF/Yr
Avg Asking Price
$5.5–$112 /SF/Yr
Price Range
28,330 SF
Avg Space Size

This space is priced 12% below the average of $28.36 /SF/Yr.

Vacancy Rate% for Retail in New Orleans, LA

5.5% 2019
7.2% 2020
5.7% 2021
4.3% 2022
3.6% 2023
3.9% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - New retail space near University of New Orleans and Lakefront Arena.
Where is this retail space located?
The property is located at 6750 Franklin Ave New Orleans, LA.
What is the lease rate?
The lease rate is $4,114/Mo.
What are key features of this property?
This property features: Located next to the University of New Orleans and Lakefront Arena, ensuring high visibility and foot traffic.; Anchored by Rouses Market, a major grocery store, driving consistent customer flow.; Situated in the only grocery store anchored shopping center for miles, minimizing competition.
More about this property
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