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Property profile & analytics
OFF-MARKET
Lifestyle centers

10009 Jefferson Hwy River Ridge, LA 70123

47,803 SF 3.5 ac lot
Property ID
US36-0313435
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Hancock Whitney Bank Bank Loan Service
  • Hancock Whitney ATM Atm
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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