Langenstein’s Center

Highlights:

• 100% occupancy with nationally recognized and regional tenants: Lagenstein’s Grocery, Dollar General, Planet Fitness, and Hancock Whitney Bank
• Prime Location & High Visibility – Jefferson Hwy with over 21,000 VPD, near major arterials like Blues Hwy (61) and Earhart Expressway (Hwy 3139)
• Strong Consumer & Residential Base – Over 217,000 people within a 5-mile radius, 83,000+ residents within 3 miles, and a high average household income
• Stable & Long-Term Tenancy – Tenants have operated at this location since 2016, ensuring historical occupancy and long-term commitment
• Low-Management, Passive Investment – Triple-net (NNN) leases with tenants covering CAM, taxes, insurance, and interior maintenance
• Attractive Inv Opportunity – Strong cash flow, fee-simple ownership, and potential tax benefits through cost segregation and depreciation advantages

Description:

Louisiana Broker of Record..... STEVE R. REISIG, CCIM .....License No. 14916A
Faris Lee Investments is pleased to present an exceptional opportunity to acquire a fully
leased, multi-tenant retail property within the New Orleans MSA in the City of River Ridge.
This prime retail building is 100% leased to a mix of nationally recognized and regional
tenants, including Lagenstein’s Grocery Store, Dollar General, Planet Fitness, and Hancock
Whitney Bank. The property benefits from street frontage with excellent visibility, offering
no outparcels, and is anchored by a regional grocer, which drives daily-needs traffic,
increasing foot traffic to the site and enhancing customer engagement. Tenants have been
successfully operating at this location since 2016, providing long-term historical occupancy
and demonstrating their commitment to the property, making this a highly stable investment.
The property is structured with triple-net (NNN) leases, meaning tenants are responsible for
reimbursement of common area maintenance, taxes, and insurance. Additionally, interior
improvements and HVAC maintenance are tenant responsibilities, making this an ideal lowmanagement
investment for a passive investor. The investor will benefit from fee-simple
ownership of both the land and the building, ensuring limited landlord responsibilities. This
multi-tenant, 100% leased investment generates strong cash flow and provides tax benefits
through cost segregation, offering potential depreciation advantages.
Located in a dominant trade area within the New Orleans MSA, the property sits strategically
along Jefferson Hwy, with over 21,000 vehicles passing daily, offering excellent access and
visibility. The property is situated near major arterials such as Blues Hwy (61) and Earhart
Expressway (Hwy 3139), providing easy access to the broader New Orleans market. The
River Ridge area is a densely populated residential community with over 83,000 people
within a 3-mile radius, and the broader trade area boasts a population of over 217,000
people within 5 miles. With more than 82,000 households in the 5-mile radius and over
141,000 employees working in the area, this location benefits from both strong residential
and daytime populations. The area also features a high average household income of
$129,714 within 1 mile, supporting consumer spending power and the property’s long-term
viability.
This offering presents a rare opportunity to acquire a stable, cash-flowing, multi-tenant retail
property in a high-demand area, backed by well-established tenants and favorable lease
terms. With its low-maintenance structure and significant tax benefits, this investment is
poised to deliver both stability and solid returns for discerning investors.

River Ridge is a suburban community located in Jefferson Parish, Louisiana, just outside the vibrant city of New Orleans. Known for its family-friendly atmosphere,
River Ridge offers a mix of residential neighborhoods, schools, and local amenities that make it an attractive choice for those seeking a quieter lifestyle while still
being close to the cultural and economic opportunities of New Orleans. The area is characterized by tree-lined streets, parks, and well-established homes. It’s also
known for its good schools, making it a popular destination for families. With its convenient access to major highways, River Ridge offers easy commutes to both
downtown New Orleans and nearby cities, making it an ideal place to live for those who appreciate suburban comfort with urban access.