717 Clearview Parkway, Metairie, LA 70001

Building Details

Tenancy Single More

Listing Agency: The Lennox/Massell Companies LA

Listed By: T. Griffin Lennox · License LA #0995697308

Source: Crexi

Added: Oct 21 Changed: Nov 8 Last Checked: Nov 8 at 2:44PM

Report an Issue

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 The Lennox/Massell Companies LA

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Rouses Market is a 59,573-square-foot grocery property at 717 Clearview Parkway in Metairie. The store is leased on a long-term absolute NNN basis, with no landlord responsibilities stated.

The property has direct access to the Interstate 10 interchange. Its three-mile trade area includes more than 134,000 residents.

Key Highlights

• 59,573‑square‑foot grocery property
• Long‑term absolute NNN lease with no landlord responsibilities
• Direct access to the Interstate 10 interchange

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$875,008

Cap Rate

5.76%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$17,500,160 $17.5M

Cap Rate 7%

$12,500,114 $12.5M

Cap Rate 9%

$9,722,311 $9.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 59,573 SF

Gross rent

$1.22M $20.40/SF

− Vacancy

−$48.6K −$0.82/SF

EGI

$1.17M $19.58/SF

− OpEx

−$291.7K −$4.90/SF

NOI

$875.0K $14.69/SF

Area

Metairie, LA

Vacancy

4.00%

Lease Rate

$20.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$17,500,160

Cap Rate 7%

$12,500,114

Cap Rate 9%

$9,722,311

Alternative Uses

Best Use

Specialty Retail

$12.50M

$10.94M – $14.58M (±1% cap)

NOI $875,008 @ 7.0% cap · market cap 5.76%

Second Best

Retail

$10.66M

$9.33M – $12.44M (±1% cap)

NOI $746,366 @ 7.0% cap · market cap 4.91%

Theoretical Best

Office A

$13.95M

$12.21M – $16.28M (±1% cap)

NOI $976,538 @ 7.0% cap · market cap 6.43%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Coinstar Kiosk | Bitcoin ... Atm Rouses Market Grocery & Convenience Store Coinme at Coinstar - Bitcoin ... Atm

Suggested Use

Top Pick Restaurant Real Estate Agency Law Firm Parking Lot & Garage Dental Office Daycare Center

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

Single-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

641

Businesses Nearby

8k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 100%

Popeyes Louisiana Kitchen Dining

8,171 visits/mo 0.5 miles

Demographics for 70001, LA

40,068

Population

19,103

Households

2.1

Avg Household Size

39

Median Age

37%

College-Educated

93%

High-School Grad

6.5 sq mi

ZIP Area

6,164

Density / Sq Mi

$70,187

Median Household Income

$43,662

Median Earnings

$1,145

Median Rent

$313,300

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Similar For Sale Nearby

See more

NNN Retail Ground Lease Portfolio

4601 Veterans Blvd, Metairie, LA 70006

$18,428,219

30,000 SF

View details

Rouses Market Grocery Store

2900 Veterans Memorial Blvd, Metairie, LA 70002

Contact for pricing

52,592 SF

View details

Single-Tenant Dollar General Retail

7505 Airline Dr, Metairie, LA 70003

$1,600,000

9,100 SF

View details

NNN Specialty Pharmacy Property

3044 Ridgelake Dr, Metairie, LA 70002

$1,650,000

6,468 SF

View details

Metairie Multi-Tenant Office Property

2121 North Causeway Boulevard, Metairie, LA 70001

$5,500,000

View details

Fat City Warehouse Opportunity

4305 Hessmer Ave, Metairie, LA 70002

$2,400,000

41,160 SF

View details

Office Building with Warehouse

3131 N I 10 Service Rd E, Metairie, LA 70002

Contact for pricing

50,837 SF

View details

Professional Office Building

3321 Hessmer Ave, Metairie, LA 70002

$5,250,000

27,775 SF

View details

52-Unit Apartment Community

3105 Edenborn Ave, Metairie, LA 70002

Contact for pricing

44,424 SF

View details

91-Unit Apartment Community

3420 Edenborn Ave, Metairie, LA 70002

Contact for pricing

86,495 SF

View details

Former Nursing Home with Generators

6001 AIRLINE Drive, Metairie, LA 70003

$2,500,000

1.30 Acres

View details

Warehouse Property with Office and Cottage

1110-1118 Central Ave, Metairie, LA 70001

$1,695,000

23,000 SF

View details

Similar Off Market Nearby

• Ideal Market #9 — 4421 Airline Dr, Metairie, LA 70001
• Rouses Market — 717 Clearview Pkwy, Metairie, LA 70001
• Lucky Food Store — 4306 w napoleon ave, metairie, la 70001

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - The property operates under a long-term absolute NNN lease with no landlord responsibilities.

Where is this grocery and convenience store located?

The property is located at 717 Clearview Parkway Metairie, LA.

What is the asking price?

The asking price for this property is $15,194,195.

What are key features of this property?

This property features: 59,573‑square‑foot grocery property; Long‑term absolute NNN lease with no landlord responsibilities; Direct access to the Interstate 10 interchange