Veterans Retail Investment
Metairie, LA
Property Details
5029 Veterans Blvd, Metairie, LA 70006
- Transaction Type For Sale
- Sale Price $3,250,000
- Lot Size 0.7746 Acres
- Building size 15,005 SF
- Property Type Strip Center
- Zoning C-2
Description
This retail investment opportunity offers exceptional frontage along Veterans Boulevard in one of Metairie’s most active commercial corridors. The property underwent a comprehensive exterior renovation in 2014, including updated stucco, stone, and glass finishes; enhanced landscaping; a refreshed awning; parking lot improvements; and an elastomeric roof coating. Professionally managed and zoned C-2, the property is located in Flood Zone AE and benefits from prominent Veterans Boulevard signage, providing outstanding visibility and exposure.
Situated just 200 feet from the signalized intersection of Veterans Boulevard and Transcontinental Drive, the property features approximately 158 feet of frontage along Veterans Boulevard, along with additional rear access via Yale Street, providing convenient ingress and egress for tenants and customers.
The property also offers investors predictable rental income growth through scheduled lease escalations, creating a stable foundation for long-term value while maintaining tenant affordability.
