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M.A. Green Shopping Center 7801-7945 Airline Dr 103,506 SF 94% Leased Retail Building Metairie, LA 70003 $16,716,163 CAD ($161.50 CAD/SF) 9.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Well Located in one of New Orlean's Most Established and Desired Neighborhoods, Metairie
- Healthy Upside Via Lease-Up of Vacant Office Suites & Mark-to-Market Rent Opportunity
- Significant Recent Landlord Cap-Ex Ensuring Minimal Deferred Maintenance for New Ownership
- Positioned Along the Primary Thoroughfare Connecting Downtown New Orleans to Louis Armstrong International Airport
- Quality Retail Tenant Base
EXECUTIVE SUMMARY
REFURBISHED 9.5% CAP NEIGHBORHOOD SHOPPING CENTER | NEW ORLEANS MSA | DIRECT AIRPORT TRAFFIC EXPOSURE | ESTABLISHED TENANCY
PLEASE CLICK ON DEAL ROOM LINK TO ACCESS BROCHURE AND DUE DILIGENCE.
PLEASE CLICK ON DEAL ROOM LINK TO ACCESS BROCHURE AND DUE DILIGENCE.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
103,506 SF
Building Class
B
Year Built
1991
Price
$16,716,163 CAD
Price Per SF
$161.50 CAD
Cap Rate
9.50%
NOI
$1,588,036 CAD
Percent Leased
94%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.38
Lot Size
6.31 AC
Zoning
C2
Parking
400 Spaces (3.86 Spaces per 1,000 SF Leased)
AMENITIES
- Banking
- Bus Line
- Corner Lot
- Property Manager on Site
- Pylon Sign
- Restaurant
- Security System
- Tenant Controlled HVAC
- Drive Thru
- Storage Space
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Bridge House
- -
- 19,500 SF
- -
- -
- Cash America Pawn
- -
- 8,760 SF
- -
- -
- Church on a Mission
- -
- 4,500 SF
- -
- -
- Happy Nails
- -
- 1,900 SF
- -
- -
- Metairie Bank
- -
- 4,000 SF
- -
- -
- O'Reilly
- -
- 10,500 SF
- -
- -
- Oschner
- -
- 10,034 SF
- -
- -
- Smart Liquidation
- -
- 8,000 SF
- -
- -
- Taco Daddy
- -
- 1,706 SF
- -
- -
- Wash A Matic
- -
- 2,050 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Bridge House | - | 19,500 SF | - | - | ||
| Cash America Pawn | - | 8,760 SF | - | - | ||
| Church on a Mission | - | 4,500 SF | - | - | ||
| Happy Nails | - | 1,900 SF | - | - | ||
| Metairie Bank | - | 4,000 SF | - | - | ||
| O'Reilly | - | 10,500 SF | - | - | ||
| Oschner | - | 10,034 SF | - | - | ||
| Smart Liquidation | - | 8,000 SF | - | - | ||
| Taco Daddy | - | 1,706 SF | - | - | ||
| Wash A Matic | - | 2,050 SF | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Former NOLA Munchies Space. Come step into a turn key restaurant space. Tenant willing to sell FF&E.
Newly renovated retail space with spacious showroom, private office, and storage room.
| Space | Size | Space Use | Position | Available |
| 7815 | 1,500 SF | Retail | - | Now |
| 7821 | 1,100 SF | Retail | - | Now |
7815
| Size |
| 1,500 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
7821
| Size |
| 1,100 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1 of 3
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
7815
| Size | 1,500 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Former NOLA Munchies Space. Come step into a turn key restaurant space. Tenant willing to sell FF&E.
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
7821
| Size | 1,100 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Newly renovated retail space with spacious showroom, private office, and storage room.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0910006632 | Improvements Assessment | $808,726 CAD |
| Land Assessment | $205,072 CAD | Total Assessment | $1,013,799 CAD |
PROPERTY TAXES
Parcel Number
0910006632
Land Assessment
$205,072 CAD
Improvements Assessment
$808,726 CAD
Total Assessment
$1,013,799 CAD
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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M.A. Green Shopping Center | 7801-7945 Airline Dr
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