Veterans Retail Center For Sale

The McEnery Company is pleased to offer for sale 8814 Veterans Memorial Boulevard, a 33,069-square-foot GLA retail opportunity in Metairie, Louisiana. Veterans Memorial Boulevard is the premiere retail corridor in the region, boasting immediately proximate national retailers Wal-Mart, Home Depot, Academy Sports + Outdoors, and many more. The property is being offered at a 6.13% capitalization rate. However, there is immediate value-add opportunity through lease up of three (3) current vacancies and improved operational efficiencies, as well as triple-net conversion of several current leases, yielding a potential double-digit unlevered return.