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2240 Veterans Memorial Blvd 6,489 SF 100% Leased Retail Building Kenner, LA 70062 $5,199,500 ($801.28/SF) 7% Cap Rate



EXECUTIVE SUMMARY
Price Adjustment! Located adjacent to a newly delivered Chick-fil-A near the busy intersection of Veterans and WilliamsBoulevards (combined traffic count of 70,000 vehicles per day), the property offers excellent accessibility and visibility in a densely populated area (123,792 people within 3 miles). The strong demographics, strategic retail location adjacent to the New Orleans International Airport and high-quality construction of the center combined with the credit-worthy tenant roster of Firehouse Subs, AT&T, and Aspen Dental make this property an ideal investment for buyers seeking a passive, stable real estate investment.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,489 SF
Building Class
B
Year Built
2017
Price
$5,199,500
Price Per SF
$801.28
Cap Rate
7%
NOI
$363,965
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
1.20 AC
Parking
36 Spaces (8.2 Spaces per 1,000 SF Leased)
Frontage
180’ on Veterans Boulevard
NEARBY MAJOR RETAILERS
1 of 11
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2240 Veterans Memorial Blvd
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