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Home Depot 2625 Veterans Memorial Blvd 174,552 SF Retail Building Kenner, LA 70062 $58,333,333 ($334.19/SF) 6% Cap Rate

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Investment Highlights

Long Term Tenant
Irreplaceable Retail Location
Zero Management Responsibilities

Attractive Rent Increases
Investment Grade Credit
High Traffic Counts

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a corporate Home Depot ground lease located at 2625 Veterans Boulevard in Kenner, Louisiana (the “Property”), a suburb of New Orleans. The Property is improved by a free standing 174,522 square foot building on a 12.94-acre parcel. The Home Depot has been at this location since it was constructed and has over 6 years of term remaining with ten (10), 5-year renewal options. The Home Depot lease provides for attractive 5% rent increases at the start of each option period. The Property occupies a strong location at the intersection of Roosevelt Boulevard and Veterans Boulevard, a major commercial and commuter corridor in the market. Home Depot is situated adjacent to Walmart Supercenter and is surrounded by a concentration of national retailers and restaurants that generate significant consumer traffic. The site offers convenient access to Interstate 10, Interstate 310, and U.S. Route 61, providing efficient connectivity to Downtown New Orleans and the broader southern Louisiana region. The Property is three miles from Louis Armstrong New Orleans International Airport and 10 miles west of New Orleans’ Central Business District, further enhancing its accessibility and regional draw.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

174,552 SF

Building Class

Year Built

2012

Price

$58,333,333

Price Per SF

$334.19

Cap Rate

NOI

$3,500,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.31

Lot Size

12.94 AC

Zoning

CR - Commercial Retail

Frontage

512’ on Veterans Blvd

Dedicated Turn Lane

Signalized Intersection

Major Tenants

Retailer
-
$24.47
Triple Net
May 2032

The Home Depot began in 1978 as a home improvement retailer founded by Bernie Marcus and Arthur Blank, and the company went public in 1981. The Home Depot operates as a large home improvement specialty retailer with a broad assortment of home improvement products, building materials, lawn and garden products, décor products, and facilities MRO products sold through stores and online channels. The company serves do-it-yourself customers, professional contractors, and do-it-for-me customers through interconnected retail and installation services. Home Depot maintains a significant North American market presence and remains focused on home improvement retail, supply chain, digital commerce, and customer service.

Tenant	Industry	SF Occupied	Rent/SF	Lease Type		Lease End
	Retailer	-	$24.47	Triple Net		May 2032

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Traffic

Moderately walkable

60/100

Very drivable

80/100

Limited public transit

30/100

Moderately bikeable

60/100

Source: Local Logic^®

Property Taxes

Parcel Number	3923044820	Improvements Assessment	$0
Land Assessment	$0	Total Assessment	$1,759,010

Property Taxes

Parcel Number

3923044820

Land Assessment

Improvements Assessment

Total Assessment

$1,759,010

(781) 776-4003

Contacts

Robert Horvath
Todd Tremblay
Michael Mintz
Horvath & Tremblay

Listing ID: 40392642
Date on Market: 5/4/2026
Last Updated:
Address: 2625 Veterans Memorial Blvd, Kenner, LA 70062

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2625 Veterans Memorial Blvd, Kenner, LA for sale Building Photo- Image 1 of 6 — Home Depot Kenner LA

2625 Veterans Memorial Blvd, Kenner, LA for sale Building Photo- Image 2 of 6 — Home Depot Kenner LA 2

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2625 Veterans Memorial Blvd, Kenner, LA for sale Building Photo- Image 4 of 6 — Home Depot - Kenner, LA 4

2625 Veterans Memorial Blvd, Kenner, LA for sale Building Photo- Image 5 of 6 — Home Depot Kenner LA Aerial

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Traffic

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Home Depot | 2625 Veterans Memorial Blvd

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