Address: 8814 Veterans Memorial Boulevard, Metairie, LA 70003
The McEnery Company is pleased to offer for sale: 8814 Veterans Memorial Boulevard, a 33,069-square-foot retail opportunity in Metairie, Louisiana. The retail center is located along Veterans Memorial Boulevard, the premiere retail corridor in the region, boasting immediately proximate national retailers Wal-Mart, Home Depot, Academy Sports + Outdoors, and many more. The property is being offered at a 6% capitalization rate. There is immediate value-add potential through lease up of two (2) current vacancies, improved operational efficiencies, and renegotiation of gross leases, yielding a potential 7.8% unlevered return.
List Price: $6,900,000
Cap Rate: 6%
Site Size: 1.79 Acres
GLA: 33,069 SF
Zoning: BC-1 Business Core
For further listing details please contact Gordon McLeod 504-717-3648 or Cameron Griffin 504-535-5680