2240 Veterans Memorial Blvd
Kenner, LA 70062

Retail Property For Sale

EXECUTIVE SUMMARY

Price Adjustment! Located adjacent to a newly delivered Chick-fil-A near the busy intersection of Veterans and WilliamsBoulevards (combined traffic count of 70,000 vehicles per day), the property offers excellent accessibility and visibility in a densely populated area (123,792 people within 3 miles). The strong demographics, strategic retail location adjacent to the New Orleans International Airport and high-quality construction of the center combined with the credit-worthy tenant roster of Firehouse Subs, AT&T, and Aspen Dental make this property an ideal investment for buyers seeking a passive, stable real estate investment.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,489 SF
Building Class
B
Year Built
2017
Price
$5,199,500
Price Per SF
$801
Cap Rate
7%
NOI
$363,965
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
1.20 AC
Parking
36 Spaces (8.2 Spaces per 1,000 SF Leased)
Frontage
180 FT on Veterans Boulevard
  • Listing ID: 33703457

  • Date on Market: 10/31/2024

  • Last Updated:

  • Address: 2240 Veterans Memorial Blvd, Kenner, LA 70062