MULTI-TENANT RETAIL INVESTMENT OPPORTUNITY

CALL FOR OFFERS! JUNE 20, 2025 by 5:00pm CST! 

Presented by Stirling Properties, this offering includes the fee simple interest in a prime 5.116-acre commercial property located at 4600 & 4610 Chef Menteur Highway and 4300 Desire Parkway, in the heart of New Orleans, Louisiana. The site comprises a fully leased retail building and an adjacent parking lot with defined development potential. 

Property Overview: Total Acreage: ±5.116 acres (Lot 7A-1, 7A-2, and 4300 Desire Parkway). 

Retail Building: ±60,000 SF, built in 2000 and renovated in 2024. 

Tenants: 100% leased to AutoZone and Harbor Freight Tools, both national credit tenants. 

Development Parcel: ±1.379 acres of paved parking at 4300 Desire Parkway with value-add potential. 

Investment Highlights 
Stable Cash Flow:  AutoZone: Occupies 37,936 SF under a NNN lease expiring April 2038.
Harbor Freight Tools: Signed a 10-year NNN lease effective July 2024.
Both tenants are current on rent through December 2024 Projected 2025 NOI: $426,974.76 (based on NNN lease structures) 

Strategic Location: Excellent visibility from Interstate-10 and situated at the high-traffic intersection of Chef Menteur Hwy & Desire Pkwy, with over 25,000 vehicles per day. 

Proximity: Located in New Orleans’ Gentilly neighborhood, approximately 4 miles from the Central Business District and 2 miles from Lake Pontchartrain.

Value-Add Opportunity: Beyond immediate income from reliable national tenants, investors have the chance to unlock additional value through the development of the 1.379-acre parcel on Desire Parkway. This is an exceptional opportunity for investors seeking dependable returns with long-term lease stability and future growth potential in one of the Gulf Coast’s key commercial markets.