$8,400,000 SALE
5931,5941,5951,5961 Bullard Ave
New Orleans, LA 70128

Shadow anchored by a Walmart Supercenter, this New Orleans community shopping center is conveniently located a few blocks off I-10 and Bullard Ave. Excellent mixture of restaurant, retail and medical tenants including National Tenants T-mobile, Subway, Baskin Robbins, and Anytime Fitness. Neighboring National tenants include Burger King, Taco Bell, and McDonalds. This complex also neighbors the Eastover neighborhood. Owner investment in the property has increased tenant occupancy to over 90% in the last 12 months. High level notes- 1) It has a 12% vacancy on SF (27 of 32 spots taken) 2) The owner has been investing in and updating the property. -- Painted new parking lines -- Painted the exterior of the property -- Updated the buildings with new siding -- Updated and video inspected entire pluming on property -- Coated roof of 2 of 4 buildings -- Updated all exterior lights to LEDs -- We are about ½ way through resigning all tenants to 3-5 year leases. -- I expect to be finished in the next 30 days. 3) We have a national tenant that would like to have a build to suit for their restaurant on the front of the property 4) Tenant Mix -- Medical- 2 (Dentist and Physical Therapy) -- Restaurants/Food 7 -- Vape shop -- Clothing – 1 -- Cash Advance- 1 -- Mobile phone- 1 -- Ministries- 2 -- Event Hall- 1 -- Barber/Hair Salon- 4 -- Tattoo- 1 -- Tax Firms-2

Property Type Retail
Max Continuous Area 60,785
Listing ID 9224HN
Style Retail Bldg -General Use