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Old Metairie Village Shopping Center 701-711 Metairie Rd 1,386 - 7,430 SF of Office/Retail Space Available in Metairie, LA 70005
HIGHLIGHTS
- Ample parking for customers and tenants.
- Property was remodeled in 2021
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor | 1,386 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 3rd Floor | 6,044 SF | Negotiable | $34.90 CAD/SF/YR $2.91 CAD/SF/MO $210,924 CAD/YR $17,577 CAD/MO | Triple Net (NNN) |
705 Metairie Rd - 2nd Floor
Portion of Former Fitness Club.
- Fully Built-Out as Standard Office
- Open Floor Plan Layout
- Fits 4 - 12 People
703 Metairie Rd - 3rd Floor
Portion of former Longbranch Healthcare. Located on 3rd floor, directly adjacent to elevator
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Office
- Open Floor Plan Layout
- Fits 16 - 50 People
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT OLD METAIRIE VILLAGE SHOPPING CENTER
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- CC's Coffee House
- Other Services
- 43
- Local
- GNC
- Nutrition Center
- 3,255
- International
- Planet Beach
- Salon/Barber/Spa
- 21
- International
- Sola Salon Studios
- Salon/Barber/Spa
- 909
- National
- Subway
- Retailer
- -
- -
- Zoës Kitchen
- Fast-food
- 640
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| CC's Coffee House | Other Services | 43 | Local |
| GNC | Nutrition Center | 3,255 | International |
| Planet Beach | Salon/Barber/Spa | 21 | International |
| Sola Salon Studios | Salon/Barber/Spa | 909 | National |
| Subway | Retailer | - | - |
| Zoës Kitchen | Fast-food | 640 | National |
PROPERTY FACTS
| Total Space Available | 7,430 SF | Frontage | 453’ on Metairie Rd |
| Center Type | Neighborhood Center | Gross Leasable Area | 88,149 SF |
| Parking | 902 Spaces | Total Land Area | 18.72 AC |
| Stores | 3 | Year Built | 1987 |
| Center Properties | 5 |
| Total Space Available | 7,430 SF |
| Center Type | Neighborhood Center |
| Parking | 902 Spaces |
| Stores | 3 |
| Center Properties | 5 |
| Frontage | 453’ on Metairie Rd |
| Gross Leasable Area | 88,149 SF |
| Total Land Area | 18.72 AC |
| Year Built | 1987 |
ABOUT THE PROPERTY
Old Metairie Village is a recently renovated, 3-story mixed-use development with upscale retail occupying the first floor, and medical and office tenants occupying the second and third flloors. Located in Metairie, a suburb of New Orleans, the immediate neighborhood near Old Metairie Village is known as Old Metairie, a very affluent, mature neighborhood. The income demographics and housing prices in Old Metairie are among the highest in the New Orleans area. Old Metairie Village and Oakridge Place Shopping Center (across the street) play a dominant role in this Metairie sub-market due to the diverse tenant mix, traffic counts and affluent market base.
NEARBY MAJOR RETAILERS
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Old Metairie Village Shopping Center | 701-711 Metairie Rd
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