Retail Space
4950 West Esplanade Avenue Metairie, LA 70006
Details & Description
Price: $7,879,000
    The property is located at the signalized hard corner intersection of W. Esplanade Rd. and Transcontinental Dr., averaging 51,300 combined vehicles passing by daily
    Property ID:    255554
    Property URL: melqr.com/255554
    Generated:    04-24-24
    Property Highlights
    • The lease is absolute net lease structure with 24 years remaining and 10 5-year options to extend
    • Building is equipped with a drive-thru pharmacy, providing ease and convenience for consumers
    Listing Agents
    Matthew Mousavi

    O: 949-698-1116
    M: 714-404-8849
    matthew.mousavi@srsre.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
    Retail Space / Louisiana / Metairie / 70006 / 4950 West Esplanade Avenue

    4950 West Esplanade Avenue

    Metairie, LA 70006

    Listing ID: 255554
    Print Single-Page Version
    • 4950 West Esplanade Avenue Metairie, LA 70006 | for Sale | Photo 1
    • 4950 West Esplanade Avenue Metairie, LA 70006 | for Sale | Photo 2
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    4950 West Esplanade Avenue | for Sale | Thumbnail 2
    Building Size: 13,600 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $579.34
    Land $/SF:
    Price
    $7,879,000
    Property Highlights
    CVS Health Corporation guaranteed lease SP BBB
    The lease is absolute net lease structure with 24 years remaining and 10 5-year options to extend
    Site is complete with a pylon or monument sign, increasing visibility
    Building is equipped with a drive-thru pharmacy, providing ease and convenience for consumers
    Nearly 239,000 residents support the trade area
    Residents within 1-mile boast an affluent income of nearly $95,000
    Description

    The property is located at the signalized hard corner intersection of W. Esplanade Rd. and Transcontinental Dr., averaging 51,300 combined vehicles passing by daily

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    New Orleans History of Retail Space for Sale

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    Metairie Area Market Trends

    Listing Demographics for 4950 West Esplanade Avenue Metairie, LA 70006

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population18,660126,924252,078
    Population Median Age424041
    Population by Age0-9 Yrs2050 (10%)15792 (12%)30224 (11%)
    10-19 Yrs2198 (11%)12613 (9%)25166 (9%)
    20-29 Yrs2166 (11%)17227 (13%)32952 (13%)
    30-39 Yrs2485 (13%)17891 (14%)35520 (14%)
    40-49 Yrs2191 (11%)16009 (12%)30183 (11%)
    50-59 Yrs2584 (13%)15884 (12%)33965 (13%)
    60-69 Yrs2176 (11%)16068 (12%)33128 (13%)
    70+ Yrs2810 (15%)15440 (12%)30939 (12%)
    Median HH Income$68,656$57,056$58,480
    Total Household Income< 24K1303 (18%)11115 (21%)21325 (20%)
    25-49K1403 (19%)11294 (22%)23474 (22%)
    50-74K1041 (14%)8884 (17%)18280 (17%)
    75-99K868 (12%)5896 (11%)13006 (12%)
    100-199K1880 (26%)11219 (22%)21894 (21%)
    200K+563 (7%)2537 (4%)6261 (6%)
    Highest Education LevelNo Diploma11551001119255
    Diploma or GED37872659451323
    Some College23601990339697
    Assoc. Degree714487810004
    Bachelors Degree35632075740129
    Higher Degree1782937522466
    Total Housing Units7,57854,443114,507
    --Owner-Occupied5,04129,96661,240
    --Renter-Occupied2,01720,98042,999
    Owner-Occupied Values< 100K11417684079
    100-199K10751015020826
    200-299K23111120619823
    300-399K97139757798
    400-499K44317923493
    500K+12610755221
    Total Working Age Population15,170103,246205,943
    In Work Force9,62367,992134,590
    Not In Work Force5,54635,25471,353
    Workforce Employed9,13565,010128,773
    Workforce Unemployed3262,6945,350
    Civlian Workforce9,46067,704134,122
    Military Workforce163288468
    Total Households7,05850,946104,239
    Family Households4,98532,28062,690
    Non-Family Households2,07318,66541,549
    Married Couple3,39322,97844,347
    Other Family1,5929,30218,343
    Married w/Child1,1768,48115,974
    Single Male w/Child1621,2192,216
    Single Female w/Child6423,4886,652

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Louisiana4,468,976+14,533,372+14,588,310+54,813,420
    Jefferson Parish455,466-5432,552+4450,200+1454,670
    Orleans Parish484,674-29343,829-26255,4400256,010
    St. Charles Parish48,072+1052,780+1057,930+560,580
    St. John the Baptist Parish43,044+745,924+2557,410+1365,110

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 4950 West Esplanade Avenue in Metairie?
    The asking price for 4950 West Esplanade Avenue is $7,879,000
    What is the building size of this Retail property in Metairie, LA?
    The size of the building/unit at 4950 West Esplanade Avenue in Metairie is 13,600 square feet
    What kind of Retail is the propery at 4950 West Esplanade Avenue?
    The property at 4950 West Esplanade Avenue Metairie, LA 70006 is listed as a Free Standing Building Retail property
    What is the population within 1 mile of 4950 West Esplanade Avenue in Metairie?
    The population within 1 mile of 4950 West Esplanade Avenue Metairie, LA 70006 is 18,660 people.
    Who do I contact for questions about 4950 West Esplanade Avenue?
    You should contact the listing agent, Matthew Mousavi, for any details regarding this commercial listing.

    Other Listings for Sale Nearby

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    3807 Airline Drive, Metairie, LA $799,000 7000 -
    3807 Airline Drive, Metairie, LA $799,000 7000 1
    2221 Jefferson Highway, Jefferson, LA $395,000 6500 1
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    4200 D Hemecourt Street, New Orleans, LA $675,000 1500 -

    Closest Commercial Airports

    Airport Distance (mi)
    Louis Armstrong New Orleans International Airport (MSY) 4
    Gulfport Biloxi International Airport (GPT) 73
    Lafayette Regional Airport (LFT) 108
    Price
    $7,879,000
    Listing Agent
    Matthew Mousavi - CRE Agent at

    Matthew Mousavi

    SRS Newport Beach

    VIEW AGENT PROFILE

    CONTACT AGENT

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