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Retail Strip Mall for Sale

3908 Veterans Memorial Blvd Metairie, LA 70002

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Overview

3908 Veterans Blvd is a premier two-story, nearly 48,000 SF commercial building located in the heart of Metairie’s bustling retail and medical corridor. This high-visibility asset is surrounded by national brands and major thoroughfares — and anchored by a strong, diversified tenant mix that includes Bonvenu Bank, Rapid Urgent Care, Gel Nails Salon, Blue Cliff College, and the U.S. Coast Guard. With 209 feet of frontage on Veterans Memorial Blvd and a digital monument sign commanding daily traffic counts in the tens of thousands, this property offers unmatched exposure and long-term stability. Why Investors Are Paying Attention: Newly reduced insurance premium for 2025 = dramatically lower NNN costs, improving tenant retention and investor cash flow Flexible leasing incentives available now for two remaining suites (±2,900 SF and ±1,900 SF), allowing for value-add income potential Recent upgrades completed in 2022, including a new roof with 20-year warranty, enhanced landscaping, fresh exterior paint, and a state-of-the-art $250K digital pylon sign Strong existing tenant base with government, medical, financial, and educational anchors Surrounded by major retailers, hospitals, and less than 10 minutes from New Orleans CBD Whether you’re seeking passive income with upside, a 1031 exchange opportunity, or a long-term hold in a top-performing corridor, 3908 Veterans delivers location, leverage, and legacy potential.

For Sale

Retail
Sale Price
$14,500,000
Price Per SF
$269/SF
Cap Rate
7.42%
Building Size
53,902 SF
Acres
2.372 ac
Zoning
C-2
Gross Income
$1,688,477
Net Operating Income
$1,075,523.75
Signage
Monument
Showing Instructions
Contact Broker
Building Class
B
Number of Buildings
1
Floors
2
Year Built
1972
Construction Siding
Brick
Construction Type
Masonry Reinforced
Parking Spaces
225
Rentable SF
47,935
Submarket
Airport-Metairie-Kenner
Nearest MSA
New Orleans-Metairie
Property Status
Existing
County
Jefferson Parish
Created
2024-09-16
Updated
2025-05-22
Listing ID
b9ac73ab