9% CAP Retail Center for Sale - Slidell, LA
2020 Gause Blvd
Slidell, Louisiana 70458
- Listing Type:
- For Sale
- Listing Price:
- $1,680,000.00
- Property Type:
- Shopping center
- Year Built:
- Building Size:
- 19200.00 SqFt
Description:
The Property is located on Highway 190 (Gause Boulevard West) in Slidell, Louisiana. Just south of Interstate 10 is one of the primary shopping districts in the Slidell market, known as the Northshore Square Mall. While DOTDâs traffic counts are over a decade old, in 2006 they recorded over 24,000 cars per day on Highway 190 and just under 30,000 cars per day on Northshore Blvd.
Tenants include Pizza Hut, Anytime Fitness, Veraâs Seafood, Real Ink, Kenyon McCall, Epitome Hair Salon, Various Long-Term Parking Tenants
This Property presents an opportunity to acquire an asset that has upside potential. The extra land behind the building has attracted a large number of long-term-parking tenants, and the extra rent serves to diversify and reduce risk in addition to providing an extra income stream. Alternatively, the extra land could be developed into an office building or other income-producing use.
$1,680,000 is a 9% CAP With Upside
Call for full Offering Memorandum
Presented by:
Director of Commercial Sales and Leasing
Mr.
(225) 252-3733
Click here to email
Download vCard
Mortgage Calculator
INPUTS