5029 Veterans Blvd
- • 100% Leased: NNN leases in place with stable, predictable cash flow from day one
- • Priced to Sell: Original owner, motivated pricing in a high-traffic Metairie corridor
- • Below-Market Rents: Current rates leave room for increases through renewals and re-tenanting
- • High Visibility & Access: Two ingress/egress points
- • Generous Parking Capacity: 47 Off-Street Spaces Supporting Retail Operations
Property 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.Download Offering Memorandum.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,250,000 |
| Average Occupancy: | 7.3% |
| Lot Size: | 15,005.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
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