Retail Property for Sale on Veterans Boulevard in Metairie

Retail buildings on Veterans Memorial Boulevard in Metairie traded at an average of $391 per square foot across the disclosed sales ELIFIN tracked from 2021 through 2025. Over that period 25 retail properties on the corridor changed hands for $73.6 million in total volume. If you own a storefront, a strip center, or a pad site on Veterans, that is the band your building is measured against.

ELIFIN is Louisiana’s #1 commercial real estate brokerage by number of sales, with specialist agents across New Orleans and Baton Rouge, tracking retail activity through a proprietary database of 59,000+ commercial properties and 41,000+ owner contacts. Jefferson Parish has been tracked in that database since 2021.

What drives price on the Veterans corridor

Veterans Memorial Boulevard runs roughly 10 miles through Jefferson Parish, six lanes, mostly parallel to Interstate 10. It is the parish’s primary retail spine, anchored by Lakeside Shopping Center (967,000 square feet, with Dillard’s, Macy’s, JCPenney, Apple, and Zara) and Clearview Center, and lined with strip centers, freestanding pads, car dealers, and second-generation restaurant space. That mix is why $/SF on the corridor spreads so wide.

Small, high-visibility freestanding buildings and corner storefronts set the top of the range, several recent disclosed trades cleared $550 to $700 per foot. Larger inline and big-box space sits lower, often $140 to $290 per foot, because the buyer is pricing rent roll and re-tenanting risk rather than the dirt. The variable that moves your number most is not the building, it is the lease: a freestanding building on a long-term lease to a creditworthy tenant on true NNN terms trades to a net-lease investor at a meaningfully higher price than the same building sold vacant to an owner-user.

Recent retail sales on Veterans Boulevard

These are disclosed-price retail transactions ELIFIN recorded on the corridor. They show the spread between high-street pad pricing and larger inline boxes.

Who is buying retail on Veterans

Three buyer pools compete for this corridor. Owner-users buy smaller freestanding buildings to house their own business, and they pay for visibility and parking more than for cap rate. Local and regional investors buy strip centers and inline space for the income, and they price the rent roll, lease terms, and how much of the space they will have to re-lease. Net-lease and 1031 buyers chase the single-tenant, long-lease deals, and that pool reaches well beyond Louisiana, exchange buyers rolling proceeds out of higher-priced metros will pay a premium for a clean, passive Veterans Boulevard asset.

Knowing which pool your building fits is the difference between one offer and a competitive process. The mistake we see most often is an owner pricing a leased investment building off owner-user comps, or marketing a vacant owner-user building to investors who want income. The building gets shown to the wrong buyers and sits.

ELIFIN’s approach to selling retail in Metairie

Every commercial property on Veterans Boulevard sits in a defined ELIFIN Block, assigned to one agent who tracks that stretch of the corridor: the buildings, the tenants, the owners, and the buyers actively looking. When your retail property goes to market, that agent already knows which owner-users are expanding nearby, which investors are sitting on capital, and which 1031 buyers are on a clock. ELIFIN agents made 58,041 prospecting calls in 2025, so the buyer list reflects who is active on the corridor today.

That is also how you find out what your building is actually worth before you commit to a price. See the corridor in context on the Metairie and Jefferson Parish page, or start with a free valuation.

Frequently Asked Questions

What is retail property worth on Veterans Boulevard in Metairie?

Disclosed retail sales on Veterans Memorial Boulevard averaged $391 per square foot from 2021 through 2025, across 25 transactions totaling $73.6 million. The range is wide: small, high-visibility freestanding and corner buildings have cleared $550 to $700 per foot, while larger inline and big-box space typically trades from $140 to $290 per foot. The lease in place, the tenant’s credit, and the building’s visibility move your number more than square footage alone.

Who buys retail property on Veterans Boulevard?

Three pools: owner-users buying smaller freestanding buildings for their own business, local and regional investors buying strip and inline space for income, and net-lease or 1031 buyers chasing single-tenant, long-lease deals. The 1031 pool reaches outside Louisiana, with exchange buyers rolling proceeds out of higher-priced metros, and they often pay a premium for a clean, passive asset. Matching your building to the right pool is what creates competition on price.

Should I sell my Veterans Boulevard retail building now or hold?

It depends on your lease position more than on the calendar. A building on a long-term lease to a strong tenant on NNN terms is at its most valuable to a net-lease buyer right now, and waiting as the lease shortens usually lowers the price. A vacant or short-lease building may be worth re-tenanting or restructuring the lease before sale to reach the investor pool instead of selling at owner-user pricing. Start with a valuation that prices both paths before deciding.

How is a retail building’s sale price set on this corridor?

For leased investment property, price is driven by net operating income and the cap rate a buyer will accept, so the rent roll and lease terms set the number. For owner-user buildings, price tracks recent per-foot comps for similar size and location, where $391 per foot is the tracked average and small high-visibility buildings run well above it. Structuring the building correctly before marketing, a strong lease for investors or clean vacant possession for owner-users, is what determines which comp set applies.