PRIME Retail Ground Lease Investment | Veterans Memorial Blvd

Introducing the Veterans Ground Lease Portfolio, a prime NNN investment opportunity featuring a four-property retail cluster in Metairie, LA. Strategically located on Veterans Memorial Boulevard, this portfolio boasts proximity to premier traffic drivers like the Clearview Mall, Target, AMC Theatres, and major medical hubs like Ochsner Health. With convenient proximity to I-10, the New Orleans International Airport, and the New Orleans CBD just 15 minutes away, accessibility is unmatched. The dense commercial hub of Metairie carries over 50,000+ vehicles per day along its premier retail corridor. With a total population of 184,367 within a 10-minute drive and a median household income of $72,179, the consumer base for this retail trade area is remarkably strong. The portfolio includes fully leased, zero-landlord-expense properties occupied by investment-grade national brands: Circle K, Walgreens, Carrabba’s Italian Grill, and Taco Bell. Explore the opportunity to acquire the Veterans Ground Lease Portfolio and unlock its full potential as a passive, high-yielding income stream in this bustling area. Contact the broker for further details on pricing and leasing options. There is no buyers broker fee offered on this sale.

The 4-property NNN ground lease portfolio is for sale at $18,428,219, generating a total annual NOI of $981,644 (NOI includes 2 excercized options to extend) at a ~5.3% blended cap rate.

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