SRSA Real Estate, along with Faris Lee Investments, has completed the sale of a single-tenant AutoZone at 4630 Veterans Memorial Blvd. in Metairie for $4.55 million. This transaction highlights the ongoing demand for stable, single-tenant retail properties in the New Orleans metro area.
The deal was finalized and announced on June 8, 2026. The property, a net-leased AutoZone located in Jefferson Parish, was sold to an unnamed institutional buyer. SRSA, in partnership with Faris Lee, represented the seller in this transaction. Key figures involved in the brokerage were Kirsten Early from SRSA, and Scott DeYoung, Jeff Conover, and Greg Lukosky from Faris Lee.
The AutoZone sale is indicative of strong investor interest in the New Orleans area for similar retail asset types. The $4.55 million investment represents a significant transaction within Jefferson Parish, further emphasizing the robust market for single-tenant net-leased retail facilities.
This sale also underscores the continued collaboration between local brokerage firm SRSA and Faris Lee, a national retail investment advisor, reflecting cross-market capital flows into the metro New Orleans retail sector.
Although specific details such as the buyer’s identity, cap rate, or lease terms were not disclosed, this sale serves as a critical data point for commercial real estate professionals. It may influence future comp expectations and investment strategies within the region.
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