Institutional Buyer Acquires Single-Tenant AutoZone In Metairie For $4.55 Million

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.