Park Avenue Place Shopping Center

Park Avenue Place Shopping Center offers a fully leased retail investment opportunity located at 512–514 City Park Avenue in New Orleans. The center is 100% leased, with recently executed long-term leases—including a high-credit federal government tenant—providing immediate income and a strong base of committed tenancy.

The offering consists of a desirable leasehold interest with a primary ground lease term extending through May 9, 2039. Two additional 10-year renewal options could extend the term through May 9, 2059, providing up to approximately 32 years of potential leasehold control if both options are exercised.

The 2027 projected NOI after ground rent is approximately $225,000. Scheduled tenant rent escalations support future income growth, and the 10-year projection reflects the ground lease’s scheduled rent increases.

Positioned along a high-visibility corridor near City Park and Delgado, this fully leased property presents an attractive opportunity for investors seeking income-producing retail real estate in the Greater New Orleans market.

Due diligence vault access is available upon request.

• Fully leased
• Due diligence vault access is available upon request