10009 Jefferson HwyRiver Ridge, LA 70123

Property Details for 10009 Jefferson Hwy

Lot size

3.50 AC

Property size (Sq ft)

47,803 SF

Property type

Investment properties

Property subtype

Lifestyle centers

Description

This exceptional investment opportunity presents a fully leased, 47,803-square-foot shopping center situated in River Ridge, Louisiana. The property, known as the Langenstein Center, boasts a strong tenant lineup including Dollar General, Planet Fitness, Hancock Whitney Bank, and Langenstein's, ensuring consistent cash flow. Located at 10009 Jefferson Hwy, in Jefferson Parish, zip code 70123, this single-story, 4-unit shopping center sits on a 3.5-acre lot and is zoned C1. The center underwent renovations in 2016, contributing to its excellent condition. With a 100% occupancy rate and a stabilized investment profile, this NNN-leased property offers a compelling 7.00% cap rate at an asking price of $7,328,600, translating to a price per square foot of $153.31. The property's strong tenant mix, prime location, and recent renovations make it an attractive investment for discerning buyers seeking a stable and high-performing retail asset. The center's net rentable area totals 47,803 square feet. This is a rare opportunity to acquire a high-quality, fully occupied retail center in a thriving market.

Location Insight

City

River Ridge

County

Jefferson Parish

State

Louisiana

Latitude

29.9608

Longitude

-90.2207

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