Technical
Financial
Distress signals
Property profile

10009 Jefferson Hwy River Ridge, LA 70123

FOR LEASE
Lifestyle centers
Property ID
US36-0313435
47,803 SF 3.5 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional investment opportunity presents a fully leased, 47,803-square-foot shopping center situated in River Ridge, Louisiana. The property, known as the Langenstein Center, boasts a strong tenant lineup including Dollar General, Planet Fitness, Hancock Whitney Bank, and Langenstein's, ensuring consistent cash flow. Located at 10009 Jefferson Hwy, in Jefferson Parish, zip code 70123, this single-story, 4-unit shopping center sits on a 3.5-acre lot and is zoned C1. The center underwent renovations in 2016, contributing to its excellent condition. With a 100% occupancy rate and a stabilized investment profile, this NNN-leased property offers a compelling 7.00% cap rate at an asking price of $7,328,600, translating to a price per square foot of $153.31. The property's strong tenant mix, prime location, and recent renovations make it an attractive investment for discerning buyers seeking a stable and high-performing retail asset. The center's net rentable area totals 47,803 square feet. This is a rare opportunity to acquire a high-quality, fully occupied retail center in a thriving market.

Property profile

Verified
Property type Lifestyle centers
Total area 47,803 SF
Lot 3.5 ac (152,460 SF)
UPID US36-0313435

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
  • Bank Loan Service
  • Atm

Location

10009 Jefferson Hwy River Ridge, LA 70123
River Ridge metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message