10009 Jefferson Hwy River Ridge, LA 70123
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.
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Hancock Whitney Bank Bank Loan Service
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Hancock Whitney ATM Atm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.