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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

0 Seq Veterans Blvd & David Dr Metairie, LA 70003

226,844 SF Built 1975
Property ID
Property summary
AI-generated overview

Magnolia Shopping Center, located at the southeast quadrant of Veterans Boulevard and David Drive in Metairie, Louisiana (zip code 70003), presents a compelling investment opportunity. This 226,844 square foot retail center, built in 1975, comprises five single-story buildings with a total of six suites. The property boasts 900 parking spaces and is conveniently situated near Lafreniere Park, offering excellent accessibility from I-10 and major Metairie arteries including West Napoleon Avenue and Power Boulevard. The center benefits from a strong tenant mix, including established businesses and recent additions such as Planet Fitness, O'Reilly Auto Parts, Ochsner 65 Plus, and Pickle N Pins. Surge Entertainment is also relocating within the center. Construction is underway for a new Chipotle on one of the outparcels. Recent improvements have enhanced the property's appeal, encompassing parking lot and lighting upgrades, façade enhancements, landscaping improvements, and refurbished pylon signage. The center is situated in a densely populated residential area, making it an ideal location for a variety of retail businesses. The property's cross street is David Dr., and it's located in Jefferson Parish County.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1975
Total area 226,844 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
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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