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9688937
9688936

1909 E Judge Perez Dr, Chalmette, LA 70043

AE
LA, LA 0000043307
Stirling Properties Baton Rouge
Listed by Stirling Properties Baton Rouge
$2,197,904
1323 days on market
Updated 27 days ago

REDUCED FAST PACE CHALMETTE LA

Details
Property Type Retail
Sub Type Medical Retail
Square Footage 3,600
Cap Rate 6.25%
Occupancy 100%
Tenancy Single
Lease Type NNN
Remaining Term 15
Rent Bumps Yes
Pro-Forma Cap Rate 6.25%
Pro-Forma NOI $137,369
Price per SqFt $611
Zoning C
Investment Type Stabilized
Tenant Credit Credit Rated
Lease Commencement 12/01/2022
Ownership Fee Simple
Sale Condition 1031 exchange

Net leased Single Tenant Medical Use in Greater New Orleans LA market with major barrier to entry

Marketing description

Site is located near the new Chalmette High School and the Valero Meraux Refinery east

of Paris Rd. and just west of Meraux. Location is just three blocks from the expansion of

the Ranch Film Studio office building and the St. Bernard Chamber of Commerce.

Site is near Super Walmart, Home Depot, and Tractor Supply, etc). This site is on E Judge

Perez which is the main drag through town, it leads to all of the down the road

communities such as Hopedale, Delacroix, Reggio, and Pointe la Hache. All of these

communities must use this road to town for all of their goods and services, meaning this

site has a large trade area. Chalmette is a part of the New Orleans MSA but is part of

St. Bernard Parish. There are plans to move the Port of New Orleans to a site downriver

from Chalmette which will be a massive economic driver for the area. Currently the port

which is in the city (upriver) can’t be serviced by the Neo-Panamax ships due to their

size. Moving the port to St. Bernard fixes that problem and gives it some edge against

Houston again.

Listing Contacts

AE
LA, LA 0000043307
Stirling Properties Baton Rouge
Listed by Stirling Properties Baton Rouge

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