100% FULLY LEASED RETAIL CENTER FOR SALE. 8.0% CAP EXCELLENT CONDITION

Shopping Center for Sale
Catylist Listing ID: 30654844
Property Subtypes: Strip Center
Building Size (RSF): 8,964 SF
Gross Building Area: See Agent
Gross Land Area: 39,500 SF
Sale Price: $1,100,000
Unit Price: $122.71 PSF
Is Quick-Service Restaurant? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 6/23/2021

Overview / Comments

EXCELLENT INVESTMENT OR FUTURE OWNER USER OPPORTUNITY!

100% LEASED

8% CAP RATE

RETAIL CENTER IN EXCELLENT CONDITION.

LANDLORD WILL DISCUSS RENT ROLLS DURING DUE DILIGENCE

ORIGINAL FLOOR PLAN:
5- UNITS
2- END CAPS 1,710 SF
2- INTERIOR 1,386 SF UNITS
1-INTERIOR 2,772 SF-RESTAURANT

CURRENT FLOOR PLAN
4-UNITS
1- 3,100 SF UNIT
1- 2,775 SF UNIT
1- 1,710 SF UNIT
1- 1,386 SF UNIT

EXCELLENT VISIBILITY

AMPLE CONCRETE (FRONT AND REAR) PARKING FACILITY
44 PARKING SPACES

APPROX. .90 ACRE LOT

MONUMENT SIGN

SEE SPECIFICS BELOW:

LOCATION: PONTCHARTRAIN DRIVE,SLIDELL, LA.

Just minutes from I-10, Gause Blvd and the Greater Slidell Business Area. Bridge. Located near the Center of the Slidell Retail, Hotel and Medical Corridor.

Immediate business market has many churches, schools, Oak Harbor and Eden Isles Subdivisions and more.

Traffic Count 30,000 Plus Vehicles

Additional Details

Nearest MSA: New Orleans-Metairie
County: Saint Tammany
Retail Clientele: General, Business
Property Visibility: Excellent
Largest Nearby Street: PONTCHARTRAIN DRIVE
Total Number of Buildings: 1
Number of Stories: 4
Property Condition: Excellent
Lot Frontage: 159
Lot Depth: 248

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,590 42,321 71,841
Median Age: 32.61 38.15 38.36
Households: 2,491 16,279 26,975

Contact

Photograph of Listing Agent

Michael J D'Amico

Avanti RE - REP Commercial Affiliate Mandeville, LA 70448
LACDB Member
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