Former Macy's (building & land)

Retail-Commercial for Sale
Catylist Listing ID: 30040271
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad
Building Size (RSF): 278,208 SF
Gross Land Area: 12.02 Acres
Sale Price: See Agent
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2017

Overview / Comments

Please contact the agent for more information about this listing.

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Submarket/Township: Airport-Metairie-Kenner
Retail Clientele: General, Business, Traveler, Tourist
Site Description: The Kenner market is a healthy trade area of the New Orleans MSA and is located on the western most edge of the Southshore. Kenner’s total land mass is approximately 15 square miles stretching from Lake Pontchartrain, its northern border, south to the Mississippi River, east to unincorporated Jefferson Parish (Metairie), and west to St. Charles Parish. The 2015 estimated population of Kenner is 66,453 people, making it the sixth largest city in Louisiana. The Esplanade Mall traditionally has anchored the retail hub of the trade area. That said, years of declining average incomes and the perception of increased crime have impacted the property significantly. The physical location of Macy’s mall position is arguably the strongest of the anchors. It is front & center when entering off of W. Esplanade, which carries heavy local traffic.
Area Description: The Kenner market is mature & somewhat in a resurgence. With a fixed land supply in the NOLA Metro, there is a redevelopment trend slowly taking place where GLA allows as well as a right-sizing of retailer prototypes which are also providing opportunities for second generation deals or redevelopments.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Good
Parking Type: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,755 110,968 191,725
Median Age: 39.02 39.32 39.87
Households: 8,186 42,182 76,998

Contact

Photograph of Listing Agent

Ryan Pecot

Stirling Properties Lafayette Lafayette, LA 70508-3719
Photograph of Listing Agent

Saban Sellers

Stirling Properties New Orleans Lafayette, LA 70508-3719
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