Price Per SF
$119
Units
78
Year Built
2022
Leasable Area
103,506 SF
Property Type
Shopping Centers
LEAD LISTING AGENT
Joe Nelson
Associate Vice President
Email
[email protected]
License No.
02012421 (CA)
Direct
+1 (424) 220-7244
Mobile
+1 (818) 497-8411
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