NNN Sam's Club Shadow Center

Shopping Center for Sale
Auction
Catylist Listing ID: 30605884
Property Subtypes: Net Leased, Strip Center
Building Size (RSF): 11,055 SF
Gross Building Area: See Agent
Gross Land Area: 1 Acre
Sale Price: $1
Unit Price: $0 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Up For Auction: Yes
Auction Type: Undisclosed Reserve
Cap Rate: Undisclosed
Last Updated: 6/1/2020

Overview / Comments

This property is scheduled for an online auction June 22 - 24, 2020. Link to auction website is included below under Attachments & Media. Please access the auction website for more information.

This NNN Sam's Club Shadow Center is a ±11,130 SF retail strip center located at 3000 Loyola Drive in Kenner, LA within the New Orleans/Metairie/Kenner MSA. With a strong in-place income-stream, the NNN Sam's Club Shadow Center presents investors with an excellent opportunity to acquire a retail property that is both generating income and offers upside via strategic lease-up of the available end-cap retail space.

±11,130 SF strip center with complimentary mix of national tenants including Subway, T-Mobile, Little Caesar's, Boost Mobile, and City Gear
Built in 2014 and situated on ±1 acre parcel shadow anchored by Sam's Club, adjacent to Taco Bell and across from Mcdonalds
Substantial upside with ability to add value through vacancy absorption; ±77% occupied with end cap available for immediate occupancy
Strong cash flowing center with staggered lease expirations and future upside
Strategic positioning with high traffic/exposure (I-10 interchange) within the New Orleans/Metairie/Kenner MSA
Prime frontage and excellent accessibility situated at the signalized hard corner intersection of I-10 & Loyola Drive (new MSY entrance)

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Submarket/Township: Airport-Metairie-Kenner
Taxing Authority: City of Kenner
Tax ID/APN: 920020259
Zoning: C-2 GENERAL COMMERCIAL
Area Description: Located within the desirable Kenner Submarket in Jefferson Parish at the airport entrance of the newly redeveloped Louis Armstrong New Orleans International Airport (MSY) Access and facade signage available on Loyola Dr with visibility from I-10 and excellent exposure Central location with a Walk Score® of Very Walkable (74) only ±5 Miles to New Orleans Dense and compelling demographics with a 2020 Population estimate of ±150,911 with an AHHI of $75,392 and annual consumer spending of ±1,389,265,000 (5-mile radius)
Year Built: 2014
Parking Ratio: 5 (per 1000 SF)
Total Parking Spaces: 60

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,730 94,294 172,033
Median Age: 34.22 39.14 39.79
Households: 6,385 35,796 68,046

Contact

Photograph of Listing Agent

Matthew S Pittman

Beau Box Commercial Real Estate New Orleans New Orleans, LA 70112
LACDB Member
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