1249 Gause Blvd | Slidell, LA 70461
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- LoopNet Team
1249 Gause Blvd
Slidell, LA 70461
Sonic Drive-In · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Absolute NNN Lease with Attractive 7.50% Rental Escalations every 5 Years!
- Lease is Personally Guaranteed by the Operator (Net Worth In Excess of $8,600,000)!
- Great Drive-By Visibility on Gause Blvd (aka US Hwy 190) where Traffic Counts Exceed 18,190 CPD - One Mile West of I-10 with 79,501 CPD!
- Panhandle Restaurant Group, LLC (PRG) Operates a Total of 6 Sonic Drive-In Restaurants, 1 Rib Crib Restaurant, and a Number of Other Restaurants
- Successfully Open & Operating Since 1996 with a 9.23% Rent to Sales Ratio (2020 if Annualized)!
- 2020 DEMOGRAPHICS: Total Population (5-MI): 86,653 | Average Household Income (1-MI): $85,706
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
1,400 SF
Building Class
C
Year Built
1996
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.65 AC
Zoning
Commercial
Parking
26 Spaces (18.57 Spaces per 1,000 SF Leased)
Frontage
131’ on Gause Blvd.
AMENITIES
- Corner Lot
- Signage
- Drive Thru
- Monument Signage
PROPERTY TAXES
| Parcel Number | 83447 | Improvements Assessment | $20,699 |
| Land Assessment | $0 | Total Assessment | $20,699 |
PROPERTY TAXES
Parcel Number
83447
Land Assessment
$0
Improvements Assessment
$20,699
Total Assessment
$20,699
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