1601 Barataria Blvd
Marrero, LA 70072
Outback Steakhouse: New Orleans, LA · Retail Property For Sale

CBRE' s Net Lease Property Group is pleased to present the opportunity to acquire a 5,615-square-foot freestanding Bonefish Grill situated on 1.82 acres in Marrero, Louisiana (Population: 32,898). The city of Marrero is located within Jefferson Parish which is part of the New Orleans-Metairie MSA (Population: 1,268,883) and located just west of the Intracoastal Canal on the Mississippi River. Built in 1995, Outback' s absolute NNN lease has 14 years of primary term remaining, four 5-year options to renew, and attractive annual rent escalations. The property features excellent access and visibility at the signalized intersection of Patriot Street and Barataria Boulevard (Traffic Count: 35,920) and is an outparcel to Lowe' s, directly adjacent to Jimmy John' s and MHM Urgent Care, across Barataria Boulevard from DQ, Take 5 Oil Change, State Farm, and shares access with Walmart Supercenter. The retail and commercial corridor boasts 7.6 MSF of retail, 1.4 MSF of office, 7.4 MSF of industrial and 3,626 multifamily units within a 3-mile radius. Other retailers in the corridor include Walgreens, Office Max/Office Depot, Home Depot, Mattress Firm, Raising Canes, Smoothie King, Verizon, T-Mobile, Hardees, Quiznos, Sprint, and Walgreens, among many others.