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28340932
28340933

393 W Esplanade Ave, Kenner, LA 70065

SR
LA 0000014916
SRSA Commercial Real Estate
CR
LA 995704218
SRSA Commercial Real Estate
Listed by SRSA Commercial Real Estate
$9,300,000
227 days on market
Updated 31 days ago

Kenner Center - 94% Leased - 393 W Esplanade Ave

Details
Property Type Retail
Sub Type Auto Shop, Grocery Store (+1)
Square Footage 77,786
Net Rentable (SqFt) 77,786
Units 2
Cap Rate 8.06%
NOI $749,420
Occupancy 94%
Tenancy Multi
Brand/Tenant Dollar Tree, AutoZone (+1)
Lease Type NNN
Price per SqFt $120
Class B
Year Built 1982
Buildings 2
Acreage 4.984
Zoning C-2
Parking Spaces 200 spaces
Parking per 1,000 SqFt 2.57
Investment Type Stabilized
Tenant Credit Credit Rated, Franchisee (+1)
Ground Lease No

Anchored by Ollie, Autozone and Dollar Tree

Marketing description

Property Description:

Kenner Center is a well-established retail destination positioned near the intersection of West Esplanade Avenue and Loyola Drive, minutes from Louis Armstrong New Orleans International Airport. Anchored by Ollie’s Bargain Outlet, Dollar Tree, and the recently opened AutoZone, the center benefits from a balanced mix of value retail, daily-needs shopping, and destination-driven service. Ollie’s, the only East Bank location in the New Orleans market, serves as a major regional draw, while Dollar Tree and AutoZone deliver strong, steady customer traffic that reinforces the center’s long-term stability.

The property’s location near Chateau Estates and Country Club, Walmart Supercenter, and Ochsner Health Center adds to its enduring appeal, attracting both daily-use consumers and surrounding residential communities. With convenient access to I-10 and Veterans Boulevard, Kenner Center offers excellent visibility and connectivity throughout the greater New Orleans metro area, making it a compelling opportunity for investors seeking a stable retail asset in a proven market.

Property has a new roof in 2024 with 20 year warranty.

Property has a new paint job as of January 2026. Newly paved parking lot.

Location Description:

Kenner is the seventh largest city in the state of Louisiana and the largest city in Jefferson Parish. It is located 20 minutes northwest of New Orleans and is connected to the city via Airline Drive and Interstates 10 & 610.

Great high traffic location near the corner of West Esplanade and Loyola Drive. Kenner Center is in close proximity to the Wal-Mart Supercenter and Ochsner Health Center.

Investment highlights

  • ± 78,000 SF multi-tenant retail center
  • Anchored by Ollie’s Bargain Outlet (only East Bank location)
  • High occupancy with historically low tenant turnover
  • Surrounded by major traffic drivers including Walmart and Ochsner Health Center
  • Near Chateau Estates and Country Club
  • Convenient access to I-10 and Veterans Boulevard and minutes from Louis Armstrong New Orleans International Airport
  • 200 surface parking spaces
  • Zoned C-2
  • New roof in 2024 with 20 year warranty
  • New Paved Parking Lot
  • Property has a new paint job as of January 2026.

Listing Contacts

SR
LA 0000014916
SRSA Commercial Real Estate
CR
LA 995704218
SRSA Commercial Real Estate
Listed by SRSA Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$749,420.00
$62,451.67/mo

Valuation Metrics

0
DSCR
8.06%
Cap Rate
8.06%
ROI

Map

Zoning

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Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics

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