M.A. GREEN SHOPPING CENTER

7809 Airline Hwy, Metairie, LA 70003
$12,281,000

Price Per SF
$119
Units
78
Year Built
2022
Leasable Area
103,506 SF
Property Type
Shopping Centers

INVESTMENT HIGHLIGHTS

LOCATION HIGHLIGHTS

  • 229,000 People and 97,000 Households within a 5-Mile Radius of the Proper ty
  • 108,000 People and 45,000 Households within a 3-Mile Radius of the Proper ty
  • $90,000 Estimated Household Income within a 5-mile radius, and $85,000 within a 3-Mile Radius
  • 4 Minute Drive to Louis Armstrong New Orleans International Airport with 12.7 Million Annual Passengers
  • Located on the main thoroughfare between the Airpor t and Downtown New Orleans
  • ±40,600 Vehicles Per Day pass the proper ty on Airline Drive
  • 4.8 Year Retail WALT

BUILDING HIGHLIGHTS

  • In 2022 & 2023 Landlord Invested $5,400,000 in Capital Improvements
  • Brand New Roof installed in 2022 throughout the entire center
  • Parking lot improved with new asphalt in 2022 and restriped in 2024
  • Brand New HVAC units as of 2022 throughout entire center
  • Brand New Elevator Mechanics, Remote Monitoring, and Renovated Cab as of 2022
  • Brand New LED lighting and 4K Cameras with Remote Access throughout entire center
  • Ochsner Health System invested additional $3,800,000 into their buildout in 2022

TENANT HIGHLIGHTS

  • O’Reilly Auto Parts is an investment grade credit tenant (S&P BBB) with over 5,500+ locations throughout the country
  • Ochsner Health System is a leading healthcare provider with 46 hospitals and 370+ health and urgent care centers throughout the Gulf South
  • Take 5 Oil Change is a subsidiary of Driven Brands, Inc. (4,700 units with over $5.3B in system-wide sales) with over 800+ locations nationwide. Take 5 recently signed a 15-year ground lease agreement at M.A. Green Shopping Center
  • Cash America Pawn is a subsidiary of FirstCash Holdings, Inc., a publicly traded company with a $5.3 billion market cap and over 3,000 locations throughout the USA and South America
  • Metairie Bank is a regional bank with over $591 million in assets (2023) and 15 locations primarily throughout the Greater New Orleans area

 


Broker of Record

  • Donnie Jarreau
  • License No. BROK.995704351-CORP (LA)
  • (866) 889-0550
  • Jarreau Real Estate
  • 16173 Perkins Road Baton Rouge,
    LA 70810