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NNN Multi-Tenant Investment Retail Property - For Sale

7801 Airline Dr Metairie, LA 70003

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Overview

**Invest in the M.A. Green Shopping Center in Metairie, LA - A Prime Multi-Tenant Retail Investment Opportunity!** This well-located shopping center is for sale and presents a fantastic opportunity to capitalize on a thriving market. Benefit from established tenancy featuring national retailers, ensuring stable income. Strategically positioned with direct exposure to high-volume airport traffic from Louis Armstrong International Airport, and a dense residential base with 97,000 residents within a 5-mile radius, driving consistent foot traffic. The center also benefits from strong street traffic exceeding 40,000 vehicles daily. With vacancy upside and a synergistic tenant mix, the M.A. Green Shopping Center offers significant potential for ROI in the desirable Metairie area. Contact us today to learn more about this lucrative retail investment property**!

To access the complete Offering Memorandum with financials, please visit our CBRE Deal Room using the link provided below.
 

Attachments

For Sale

Retail
Investment

Secondary Uses: Strip Center

Sale Price
$12,223,535
Price Per SF
$117.3/SF
Cap Rate
9.25%
Building Size
104,183 SF
Acres
6.45 ac
Zoning Description
General Commercial District
Net Operating Income
$1,130,677
Building Name
M.A. Green Shopping Center
Year Built
1991
Parking Spaces
400
Property Status
Existing
Vehicles Per Day
40,000 VPD
Average Occupancy Rate
93%
Has Drive Thru
Yes
Is End Cap
Yes
County
Jefferson Parish
Available
2025-07-02
Created
2025-07-02
Updated
2025-07-02
Listing ID
d242b11b
Parcel APN
910006632