Rare Airline Drive Development Opportunity

Retail-Commercial for Lease
Catylist Listing ID: 30756815
Property Subtypes: Car Wash, Convenience Store, Free-Standing Building, Retail-Pad, Service Station/Gas Station, Street Retail, Vehicle Related, Other
Contiguous Space: 69,883 SF
Gross Building Area: See Agent
Gross Land Area: 69,883 SF
Lease Rate: $4 PSF (Annual)
Base Monthly Rent: $23,294
Lease Types: NNN
Last Updated: 6/22/2022

Overview / Comments

A rare opportunity to ground lease an entire city block in the heart of Metairie, LA. The site consists of approximately 1.6 acres, with an incredible 300 feet of frontage along the heavily trafficked Airline Drive. The site is only 0.3 miles from Causeway Boulevard, as well as the start of Metairie Road's commercial corridor and the City's highest demographics. With an Average Daily Traffic count of over 29k cars and situated at a signalized intersection with cross-access along Airline Drive, this site is ideal for many different users.

Attachments & Media

Expand All Available Space

Suite: 1 69,883 SF $4 PSF (Annual) NNN
Space Available: 69,883 SF
Lease Rate: $4 PSF (Annual)
$23,294 (Monthly)
Lease Type: NNN
Date Available: 2/28/2022
Space Type: Relet

Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Submarket/Township: Airport-Metairie-Kenner
Tax ID/APN: 22310
Zoning: C-2, GENERAL COMMERCIAL DISTRICT
Property Visibility: Excellent
Largest Nearby Street: Airline Drive
Feet of Frontage: 300
Traffic/Vehicle Count: 29,244
Site Description: - Full city block. - Bounded by Airline Drive, Severn Avenue, N. Arnoult Road and Johnson Street. - Easy access at signalized intersection and cross-street access on Airline Drive.
Area Description: - Site sits at the foot of Metairie Road, the main artery and retail corridor of Old Metairie, one of the wealthiest neighborhoods in Jefferson Parish at ~$152,000 average household income. - Site sits between two major grocery stores that serve the market: Sam's Club to the west and Rouses Market to the east.
Parking Type: Surface
Legal Description: Lot B-1-A, Square 118, Shrewsbury

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,556 165,078 362,189
Median Age: 43.63 39.6 38.97
Households: 8,932 72,034 154,556

Contact

Photograph of Listing Agent

Carly Plotkin

Stirling Properties New Orleans New Orleans, LA 70130
LACDB Member
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