1700 Promenade Blvd | Marrero, LA 70072
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- LoopNet Team
1700 Promenade Blvd
Marrero, LA 70072
Belle Promenade Shoppes | Value-Add · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 1700 Promenade Boulevard presents the Belle Promenade Shoppes, a local, multi-tenant retail center with current NOI of $255k.
- Strategically located with great visibility across from Walmart Supercenter and Office Depot on the Westbank of New Orleans.
- Home to GNC, Wonder Cuts, Cato Fashions, Grace Beauty, Notary Shoppe, Dream Nails Spa, Jewelry Kingdom, and other local tenants.
- Center is currently 70% occupied, but when fully leased, it has the ability to increase NOI to over $420k.
- Property is encompassed by prominent retail synergy via Lowe’s, Aldi, The Home Depot, Planet Fitness, Walgreens, and Harbor Freight.
PROPERTY FACTS
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Storefront
Building Size
39,700 SF
Building Class
B
Year Built
2005
Percent Leased
70%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
5.24 AC
Parcel Number
0410003684
Zoning
C - Commercial
Parking
150 Spaces (3.78 Spaces per 1,000 SF Leased)
Frontage
510’ on Promenade Blvd
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
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