Terrytown, LA - Vacant Medical Office

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 15,000 SF (est.), single story, vacant medical office property located in Terrytown, Louisiana (New Orleans MSA). The property is mainly zoned C-1 - Neighborhood Commercial, providing for a wide range of commercial uses. These areas are intended to encourage small scale and rich diversity of neighborhood-serving commercial districts. The site presents an excellent owner-user or lease-up opportunity in a highly desirable location. The site offers efficient floor plans, an elegant lobby, and easy access to businesses, government buildings, schools, and recreational outdoor activities.

The subject property is strategically located along Behrman Highway, which averages 32,200 vehicles passing by daily. The asset is a quick a 15-minute drive into downtown New Orleans, making this an ideal, centralized location with easy commutes for both employees and customers. The property benefits from nearby on/off ramp access onto U.S. Highway 90 BUS (100,400 VPD), a major interstate providing direct access to New Orleans. The asset is ideally located within a dense retail corridor with numerous surrounding national/credit tenants including a Walmart Supercenter, The Home Depot, Lowe’s Home Improvement, Sam’s Club, Target, HomeGoods, among many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. Furthermore, the office property is near numerous single-family communities and multi-family complexes including Courtyard Apartments (152 units), Oak Alley Apartment Homes (148 units), and others, providing a direct residential or employee base from which the site can draw. The 5-mile trade area is supported by over 194,500 residents and 96,500 daytime employees, with a healthy annual average household income of $90,882.