4100 General Degaulle DrNew Orleans, LA 70131

Property Details for 4100 General Degaulle Dr

Year built

2000

Lot size

23.56 AC

Property size (Sq ft)

159,090 SF

Property type

Retail properties

Property subtype

Community centers

APN

513821905

APU

513821905

Description

Algiers Plaza, located at 4100 General De Gaulle Dr, New Orleans, LA 70131, offers exceptional retail and/or fitness space opportunities. This single-story, 227,814 square foot power/neighborhood center, built in 2014 and renovated in 2020, boasts 1013 parking spaces and is situated on a 23.56-acre lot. Two spaces are currently available, ranging from 6,000 to 18,015 square feet. The center enjoys a strong tenant mix, including national brands such as Winn-Dixie, Walgreens, Ross, TJ Maxx, Five Below, PJ's Coffee, Firehouse Subs, Buffalo Wild Wings, and the recently opened Chick-fil-A. Its prime location on General De Gaulle Drive and MacArthur Boulevard provides excellent visibility and accessibility, with over 80,000 vehicles passing daily. The property features prominent signage on three thoroughfares, including six pylon signs. Eight convenient access points are available via Holiday Drive, General De Gaulle Drive, and MacArthur Boulevard. Algiers Plaza benefits from its proximity to downtown New Orleans (5 miles), the French Quarter (7 miles), and the New Orleans International Airport (under 20 miles). This high-traffic location presents a unique opportunity for businesses seeking strong visibility and a thriving customer base in a well-established shopping center.

• CAP approach

  CAP return

  Valuation

  6%

  $37,086,236

  6.5%

  $34,233,448

  7%

  $31,788,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $30,581,526

  Geo Method

  $28,500,464

• Alternative Use

  Use

  Valuation

  Residential

  $28,877,194

  Hospitality

  $26,451,354

  Educational

  $22,007,216

  Medical

  $22,764,078

  Retail

  $34,233,448

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

29.9223

Longitude

-90.0123

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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