Institutional Buyer Acquires Single-Tenant AutoZone In Metairie For $4.55 Million
4630 Veterans Memorial Boulevard
$4,550,000
Building Size
—
Asset Type
Retail
Closing
Jun 8, 2026
About this deal
AI
An institutional buyer acquired a single-tenant, net-leased AutoZone located at 4630 Veterans Memorial Boulevard, Metairie, Louisiana. The property was sold for $4,550,000, representing its market value in the retail sector.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,550,000
- Address: 4630 Veterans Memorial Boulevard
- Market: Metairie, LA
- Broker Representatives: Kirsten Early - SRSA Commercial Real Estate; Scott DeYoung, Jeff Conover & Greg Lukosky - Faris Lee Investments
The transaction highlights the involvement of multiple brokers, with Kirsten Early representing SRSA Commercial Real Estate and Scott DeYoung, Jeff Conover, and Greg Lukosky representing Faris Lee Investments, facilitating the sale of the property to the institutional buyer.
On the Map
$4,550,000
Retail
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Players
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.49%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93