Grocery & Drug Anchored Center | Potential Break-Up | Below Rep. Cost

4100 General De Gaulle Drive, New Orleans, LA 70131

About

Algiers Plaza is anchored by Winn-Dixie and Walgreens and has several national tenants including Ross, TJ Maxx, Five Below, PJ’s Coffee, Firehouse Subs, and Buffalo Wild Wings. Industry leader, Chick-Fil-A, recently opened in the center. Algiers Plaza sits on 23.56 acres and has 228,000 rentable square feet. Signage has great visibility on 3 thoroughfares, with a total of 6 pylon signs across the property.

  • Grocery & Drug Anchored Shopping Center Investment with Approx. 75% of the Income Stream through National Tenants
  • Located On the Core Retail Corridor with Excellent Visibility | +50,000 VPD
  • Chick-fil-A Recently Opened
  • Regional Daily Needs Shopping Center
  • High Yield (7%) In-Place Investment with Future Upside | Projected Double-Digit Cash on Cash Return Of 8.85% by Year 3
  • Algiers Plaza Is Below Replacement Cost | $161 PSF
  • Recent Renovations Completed In the Last 10 Years
  • 1,013 Parking Spaces (4.5 to 1000 SF)

Suites Available

Location

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Listing courtesy of Chris Robertson Jr, chris@srsa-realestate.com, SRSA Commercial Real Estate

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