Magnolia Shopping Center Redevelopment Opportunity
Shopping Center
for Lease
| Catylist Listing ID: |
30341624 |
| Property Subtypes: |
Power Center, Strip Center
|
| Contiguous Space: |
2,000 - 37,809 SF |
| Total Available: |
53,309 SF |
| Building Size (RSF): |
226,844 SF |
| Lease Rate: |
$18 - 25 PSF (Annual)
|
| Base Monthly Rent: |
$3,000 - 78,768 |
| Lease Types: |
Net Lease |
| Building Name: |
Magnolia Shopping Center |
| Last Updated: |
4/8/2024 |
Overview / Comments
Now under new ownership, Magnolia Shopping Center remains an essential retail destination along a vibrant Metairie commercial corridor.
Located on the busy Southeast Quadrant of Veterans Boulevard and David Drive, the center is in a densely populated residential neighborhood near Lafreniere Park. It is easily accessible from I-10 and via major Metairie thoroughfares West Napoleon Avenue, Power Boulevard, and David Drive. There are five curb cuts and an ample parking field with more than 900 spaces. Pylon signage and outward facing storefronts provide high visibility.
Surge Entertainment is relocating within the center, from its existing space to an approximately 70,000 sf space, and Ochsner Clinic will open in a 20,000 sf endcap in late 2023. Other long-time tenants include a variety of service providers. Upgrades include parking and lighting improvements now underway, along with facade improvements and refurbished pylon signs.
|
| Level/Floor: |
1 |
| Space Available: |
3,250 SF |
| Lease Rate: |
$18 - 25 PSF (Annual)
$4,875 - 6,770 (Monthly)
|
| Lease Type: |
Net Lease |
| Space Description: |
Proposed outparcel space fronting road. Contact agent for rate |
| Space Subcategory: |
Power Center |
| Date Available: |
1/1/2023 |
| Space Type: |
Relet |
| Parking Spaces |
900 |
| Level/Floor: |
1 |
| Space Available: |
3,250 SF |
| Lease Rate: |
$18 - 25 PSF (Annual)
$4,875 - 6,770 (Monthly)
|
| Lease Type: |
Net Lease |
| Space Description: |
Proposed outparcel space fronting road. Contact agent for details and rate. |
| Space Subcategory: |
Power Center |
| Date Available: |
1/1/2023 |
| Space Type: |
Relet |
| Parking Spaces |
900 |
| Level/Floor: |
1 |
| Space Available: |
37,809 SF |
| Lease Rate: |
$18 - 25 PSF (Annual)
$56,713 - 78,768 (Monthly)
|
| Lease Type: |
Net Lease |
| Space Description: |
Freestanding building was former location of Surge, which has relocated in center |
| Space Subcategory: |
Power Center |
| Date Available: |
10/24/2022 |
| Space Type: |
Relet |
| Parking Spaces |
900 |
| Space Available: |
3,500 SF |
| Lease Rate: |
$18 - 25 PSF (Annual)
$5,250 - 7,291 (Monthly)
|
| Lease Type: |
Net Lease |
| Date Available: |
9/14/2023 |
| Space Type: |
Relet |
| Level/Floor: |
1 |
| Space Available: |
2,000 SF |
| Lease Rate: |
$18 - 25 PSF (Annual)
$3,000 - 4,166 (Monthly)
|
| Lease Type: |
Net Lease |
| Space Description: |
in-line space |
| Date Available: |
11/9/2023 |
| Space Type: |
Relet |
| Space Available: |
3,500 SF |
| Lease Rate: |
$18 - 25 PSF (Annual)
$5,250 - 7,291 (Monthly)
|
| Lease Type: |
Net Lease |
| Date Available: |
9/14/2023 |
| Space Type: |
Relet |
Additional Details
| Nearest MSA: |
New Orleans-Metairie |
| County: |
Jefferson |
| Submarket/Township: |
Airport-Metairie-Kenner |
| Tax ID/APN: |
JP-3158641 |
| Retail Clientele: |
General, Family, Business, Traveler, Recreation |
| Property Located Between: |
David Dr. |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Veterans Memorial Blvd. |
| Traffic/Vehicle Count: |
50,902 |
| Highway Access: |
I-10 |
| Airports: |
MSY |
| Site Description: |
5 curb cuts, dedicated turn lane, and an expansive parking lot with all retail facades facing the street. |
| Area Description: |
Located on the busy Southeast Quadrant of Veterans Blvd. and David Dr., the center is in a thriving Metairie commercial corridor in a densely populated residential neighborhood near Lafreniere Park. The center is easily accessible from I-10 and via major Metairie thoroughfares West Napoleon Ave., Power Blvd., and David Dr. |
| Total Number of Buildings: |
5 |
| Number of Stories: |
1 |
| Year Renovated: |
2022 |
| Parking Type: |
Surface |
| Parking Description: |
More than 900 spaces in an expansive surface lot. |
| Total Parking Spaces: |
900 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
24,049 |
144,725 |
235,181 |
| Median Age: |
39.43 |
40.2 |
40.31 |
| Households: |
9,320 |
57,864 |
96,913 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Louisiana Commercial Database, LLC nor
Moody's assume any liability for errors or omissions.
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