1909 Judge Perez Dr Chalmette, LA 70043
- Retail properties
- 3,600 SF
Current Use by Public Records
- Fast Pace Dermatology / Dermatologist / Medical Center
- Fast Pace Dermatology: Amanda Rodriguez, NP / Dermatologist
- Fast Pace Health Urgent Care - Chalmette, LA / Medical Clinic / Urgent Care Center
Property Details for 1909 Judge Perez Dr
- Property size
- 3,600 SF
- Property type
- Retail properties
Description
This exceptional 3,600 square foot medical retail building in Chalmette, LA, presents a compelling investment opportunity. Located at 1909 E Judge Perez Dr, 70043, this fee-simple property boasts a 100% occupancy rate with a credit-rated single tenant under a 15-year NNN lease commencing December 1, 2022, featuring rent bumps. The property offers a stabilized investment with a 6.25% cap rate and a strong pro-forma NOI of $137,369. Priced at $2,197,904 ($610.53/sq ft), this asset benefits from its prime location on a major thoroughfare, near key amenities such as Chalmette High School, Valero Meraux Refinery, Ranch Film Studio expansion, and the St. Bernard Chamber of Commerce, as well as major retailers like Walmart, Home Depot, and Tractor Supply. The property's strategic position serves a large trade area encompassing several surrounding communities. Furthermore, the potential relocation of the Port of New Orleans downriver promises significant future economic growth for the area. The property is zoned C and is suitable for a 1031 exchange. This is a rare opportunity to acquire a high-performing, stable medical retail investment in a rapidly developing market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chalmette
- County
- St Bernard Parish
- State
- Louisiana
- Longitude
- -89.9454
- Latitude
- 29.9379
