Listing Agency: Stirling

Listed By: Ryan Murphy, MBA, CCIM · License #LA

Source: Crexi

Added: Jul 5, 2024 Changed: Jul 10 Last Checked: Jul 30 at 4:37AM

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Investment Insights

Based on property information with market context.

A new Metairie Bank branch offers space for rent. Suite 100, comprising 2,232 square feet, is situated on the left side of the building. The tenant will have access to both a monument sign and building signage. The landlord is willing to provide a tenant improvement allowance for a credit tenant with a 5-year lease.

Key Highlights

• Brand new Metairie Bank branch location.
• Suite 100 offers 2,232sf of space.
• Located on Highway 21.

Property Analytics

Property Profile

Current Use

Banks

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Auto Parts Store Electrical Service HVAC Service Storage Facility

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

$4.50 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

743

Businesses Nearby

Explore this area Business Placement

Demographics for 70433, LA

41,423

Population

18,712

Households

2.2

Avg Household Size

42

Median Age

45%

College-Educated

93%

High-School Grad

48.7 sq mi

ZIP Area

851

Density / Sq Mi

$79,354

Median Household Income

$47,406

Median Earnings

$1,373

Median Rent

$316,200

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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What type of property is this? Where is this banks located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Bank - New bank branch space with signage and TI allowance.

Where is this bank located?

The property is located at 70496 HWY 21 Covington, LA.

What is the lease rate?

The lease rate is $30 SF/Yr.

What are key features of this property?

This property features: Brand new Metairie Bank branch location.; Suite 100 offers 2,232sf of space.; Located on Highway 21.