2609 Jefferson Hwy
Jefferson, LA 70121
Retail Property For Sale

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE THIS RACETRAC GAS/CONVENIENCE PROPERTY located on Jefferson Highway in Jefferson, Louisiana, just 5 miles from New Orleans. This is a new 15 year NNN ground lease with zero landlord responsibilities or expenses. There are 15 years remaining in the initial lease term with seven, five year options to renew the lease. There are attractive 7.5% rental increases every 5 years throughout the base term of the lease and in each option period. The lease is corporately guaranteed by RaceTrac, ranked #39 on Forbes' America's Largest Private Companies 2018 List. This 5,500 new construction RaceTrac is ideally located on a 1.57 acre parcel on Jefferson Highway with excellent access and visibility for over 30,000 vehicles passing by daily. Jefferson Highway is the main throughway in Jefferson, running through the center of the community and connecting to downtown New Orleans. This is an extremely densely populated area with 8,675 people within 1 mile, 120,581 people within 3 miles and 345,328 people within 5 miles. Nearby major retailers include CVS, McDonald's, Family Dollar and NAPA Auto Parts. RaceTrac is also situated across from Ochsner Rehabilitation Hospital, and 0.5 miles from Ochsner Hospital, a 767-bed acute care facility. Jefferson is a census-designated place in Jefferson Parish, Louisiana, just 5 miles from New Orleans and part of the New-Orleans-Metairie-Kenner MSA. With an estimated population of over 393,000, New Orleans is the most populous city in Louisiana. It is a major port, and considered an economic and commercial hub for the broader Gulf Coast region of the United States.