7809 Airline Hwy Metairie, LA 70003

This exceptional Class A, 103,506 square foot shopping center in Metairie, Louisiana, presents a compelling investment opportunity. Boasting a 100% occupancy rate and a strong pro-forma cap rate of 8.75%, the property generates a substantial NOI of $1,074,566. Anchored by investment-grade tenants including O'Reilly Auto Parts and Take 5 Oil Change, the center benefits from a triple-net (NNN) lease structure and corporate guarantees, ensuring consistent cash flow. Built in 2022 and extensively renovated in 2022 and 2023, including a new roof, parking lot improvements, HVAC systems, elevator upgrades, LED lighting, and security cameras, this property requires minimal capital expenditure. The seven-eight units are spread across a single, three-story building, situated on Airline Highway, a major thoroughfare with approximately 140,600 vehicles passing daily. The property's prime location is a four-minute drive from Louis Armstrong New Orleans International Airport and enjoys a dense population within a five-mile radius (229,000 people, 97,000 households) with high average household incomes ($90,000 within 5 miles, $85,000 within 3 miles). The property includes rent bumps, further enhancing long-term return. This fee-simple ownership opportunity offers a stable, high-performing asset in a thriving market. APN: 0-92-0002225 & 0-91-0006632. Asking price: $12,281,000.