Technical
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Property profile

5245 Veterans Blvd Metairie, LA 70006

OFF-MARKET
Retail properties & Spaces
40,429 SF 3.32 ac lot
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Property summary

AI-generated overview

This exceptional 40,429-square-foot single-story retail building is ideally situated on a 3.321-acre lot at 5245 Veterans Boulevard in Metairie, Louisiana, zip code 70006. Boasting a prime location on a major retail thoroughfare with 33,324 vehicles passing daily, this property offers unparalleled visibility and accessibility. The building features approximately 200 parking spaces, ensuring ample customer convenience. Multiple curb cuts onto Veterans Boulevard, as well as access points to York Street and Kent Avenue, provide easy ingress and egress. The property benefits from highly visible signage opportunities. Originally constructed as a grocery store and later occupied by Conn's, this building underwent a complete renovation in 2019, encompassing foundation, parking lot, roof, and HVAC systems. This comprehensive refurbishment ensures a move-in ready condition. The flexible layout makes it adaptable to a wide range of retail and commercial uses. Jefferson Parish's Commercial zoning designation further enhances its marketability. This is a truly exceptional opportunity for businesses seeking a high-profile location in a thriving retail market.

Property profile

Verified
Property type Retail properties & Spaces
Total area 40,429 SF
Lot 3.32 ac (144,663 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Electronics & Wireless Store

Location

5245 Veterans Blvd Metairie, LA 70006
Metairie metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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