• Bath Fitters - 5240 Veterans Blvd., Metairie, LA 70006

For Sale

Retail

For Sale

This property is available for sale
0.44
Acres
$1,480,000
Sale Price
  • Year Built
    1970
  • Total Building Size
    7,500 RSF
  • Overview

    Very heavy vehicle traffic at 48,000. Mixed retail, medical, office and residential New 1.6M Appraisal. 7.7% CAP. This single-tenant investment property sits on busy Veterans Boulevard across from Rouse's Supermarket near Transcontinental. Home to Bath Fitters flagship location for the metro area, the property was renovated in 2015 to provide the store with a beautiful showroom, plus a compliment of offices for their staff, including a conference room and separate break room along with a 1,500 sf warehouse in the rear. The property is zoned C-2 and includes a 8,030 rear lot (zoned RR3). Owner will guarantee $114,000 NOI until end of current lease in April 2020. 7.6% CAP Rate!

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Property Details

Very heavy vehicle traffic at 48,000. Mixed retail, medical, office and residential New 1.6M Appraisal. 7.7% CAP. This single-tenant investment property sits on busy Veterans Boulevard across from Rouse's Supermarket near Transcontinental. Home to Bath Fitters flagship location for the metro area, the property was renovated in 2015 to provide the store with a beautiful showroom, plus a compliment of offices for their staff, including a conference room and separate break room along with a 1,500 sf warehouse in the rear. The property is zoned C-2 and includes a 8,030 rear lot (zoned RR3). Owner will guarantee $114,000 NOI until end of current lease in April 2020. 7.6% CAP Rate!

  • Property Type
    Retail
  • Submarket
  • Year Built
    1970
  • Sale Price
    $1,480,000
  • Total Building Size
    7,500RSF
  • Total Acres
    0.44
  • Sale Status
    Available
  • Property ID
    1988539

Landlord's Sales Representatives

  • Michael Allain, MBA
    Tru Agent Real Estate
     
  • Bob R Fraiche
    KW Commercial Metairie