3908 Veterans Memorial Blvd Metairie, LA 70060
This exceptional investment opportunity presents a fully leased, 47,935 square foot mixed-use retail center situated on a prominent 39,540 square foot lot at a major intersection in Metairie, Louisiana. The property, built in 1972 and boasting a Class B designation, features seven units currently occupied by a diverse tenant mix including Blue Cliff College, Bonvenu Bank, Rapid Urgent Care, ReLife MD, Gel Nails and Spa, and a United States Coast Guard Recruiting Office. The asking price is $15,000,000, translating to a price per square foot of $312.92. The property benefits from a 100% occupancy rate under a NNN lease structure, providing a stable and predictable income stream. Significant recent upgrades enhance the property's value and appeal, including a new roof installed August 12, 2024, with a 20-year warranty
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DANYEL ANTOINETTE HAGENS Pediatrician Physician
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MICHAEL HUGHES Physician
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ANDREW ALDEN GRUEZKE Physician
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Chad Nugent - Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
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Blue Cliff College - Clearview Trade School Vocational School
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.