Langenstein’s Center - Supermarket Anchored 10009 Jefferson Hwy Local commercial 4 441 m² 100 % Loué À vendre River Ridge, LA 70123 6 101 958 € (1 373,99 €/m²) Taux de capitalisation 7,79 %

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 low-management 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.