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1540 W Causeway ApproachMandeville, LA 70471
Raymond James - Mandeville, LA
Asset ClassRetail
2020 Build-to-Suit | Booming New Orleans Suburb

Overview

This best-in-class tenant, backed by a parent company with a market cap of $33.32 billion and a subsidiary net worth of $3.88 billion, occupies a 2020-built property under a long-term net lease. The asset features attractive rental escalations of 10% every five years and is strategically positioned in a highly trafficked location with excellent interstate access. Situated within the New Orleans MSA—home to 1.03 million residents and a GDP of $102 billion—the property benefits from significant population growth of 13% since 2010 and affluent demographics, with an average household income of $145,583 within a three-mile radius. This combination of strong tenancy, prime location, and robust market fundamentals makes this an exceptional investment opportunity.

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Investment Highlights

  • Best-in-class tenant - $3.88B net worth
  • Booming New Orleans suburb - 13% population growth
  • 2020 build-to-suit - new construction built specifically for Raymond James
  • High traffic location along the Causeway directly accessing New Orleans
  • Affluent demographics - $145K avg. HHI
  • Net Lease with limited landlord responsibilities
  • Attractive rental increases
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1540 W Causeway ApproachMandeville, LA 70471

AY Net Lease Group

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