6001-6003 Bullard Avenue is aretail property for lease in New Orleans, LA.
Corporate Realty has been retained by current ownership as the exclusive marketing advisor for the disposition of Bullard Shopping Center, located in the SEQ of I-10 and Bullard Avenue in New Orleans, LA.
The Bullard Shopping Center consists of a 37,261 SF strip center which has recently been renovated, three vacant outparcels, and a 110,000 SF vacant building which was previously a supermarket on a total of 15.83 acres of land.
This center sits directly across Bullard Avenue from a newly opened 120,000 SF Wal-Mart Supercenter.
The current tenants in the newly renovated space include Aaron's Rents, City Gear, Papa John's Pizza and US Agencies. All of these leases are new or are newly renewed.
The three outparcels can be used for expansion of the shop space which is nearly filled, parking or as standalone tenants.
The rear building offers a rare opportunity as it sits on a fully paved 9 acre site with excellent access to loading docks in the rear of both sides of the building. This 110,000 SF building was originally built in 1984 and was a Schwegmann's Giant Supermarket. The building will need a full build-out for new tenants, but the parking lot is in good condition.
It is also important to note that the subject property controls the pylon sign at the intersection of Bullard Ave and 1-10.
The tenants are responsible for reimbursing the landlord for their pro-rata share of real estate taxes, property insurance, and common area maintenance (CAM). In addition, most tenants also pay an administrative management fee on top of CAM. Please refer to rent roll in the financial section for details.
The Bullard Shopping Center provides excellent visibility and accessibility in the growing New Orleans East retail submarket. This is a true value-add opportunity with existing cash flow to support it, which would benefit from an experienced, knowledgeable investor who can attract a big box user.
Zoned C-2 and Bullard Avenue Urban Corridor District.
Owner will consider selling the 10 acre parcel separately from the 5.3 acre parcel.