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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

3908 Veterans Memorial Blvd Metairie, LA 70060

47,935 SF Built 1972
Property ID
Property summary
AI-generated overview

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

Property profile
Verified
Property type Retail properties & Spaces
Year built 1972
Total area 47,935 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • DANYEL ANTOINETTE HAGENS Pediatrician Physician
  • MICHAEL HUGHES Physician
  • ANDREW ALDEN GRUEZKE Physician
  • Chad Nugent - Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
  • Blue Cliff College - Clearview Trade School Vocational School
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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