JDS Real Estate Services, Inc. in association with Apex Capital Realty, as exclusive advisor, is pleased to present the exceptional opportunity to acquire 5555 Bullard Ave, New Orleans, LA, 70128 (”The Property”). Situated on roughly 3.02 Acres, the 40,023 Square Foot shopping center was constructed in 1985 and fully renovated in 2002. The property is anchored by Davita Dialysis, other
tenants include State Farm, Louisiana State Rep John Bagneris’ Office, Jay’sCleaners and The Royal Room. The center is leased to the current tenants as a 17,275 square foot retail center, attached to a separate 22,760 square feet of warehouse space, as such Davita Dialysis accounts for over 43% of total CAM recoveries related to expenses maintaining the center. The tenant mix provides
for stable cash flow for new investors, as well as significant upside by leasing out the 22,760 Square Foot vacancy.
Fronting Bullard Ave, in between I-510, I-10, and US90, the property is strategically located in the central corridor of all the main thoroughfares in the area.
The property is located within 1 mile of a Walmart Super Center, Home Depot, Lowes, and many other major retail attractions. The property is situated just
10-Miles from the French Quarter, the main economic driver in New Orleans.
The property currently has 22,760 Square Feet of vacant space. Originally a bowling alley, ownership converted the 40,035 square foot property into a retail
and warehouse mixed-use facility, the warehouse space is currently an owner-occupied business, that will be vacating upon sale. This creates a huge upside
for future investors, while still receiving reliable income and recoveries from stable tenants. The 22,760 Square Feet can be
rented in full to one tenant, such as a gym, grocery store, bowling alley, discount store, event space, food hall or subdivided to multiple tenants for
storage generating even more cash flow.