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Aldi | 15+yrs Remain Corp Abs NNN w/ Incrs 2985 Gause Blvd E 48,164 SF 100% Leased Retail Building Slidell, LA 70461 $6,756,000 ($140.27/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 15+ Years Remaining | Options To Extend | Scheduled Rental Increases
- Signalized, Hard-Corner Intersection (30,300 VPD) |Strong National/Credit Tenant Presence | Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased Aldi investment property located in Slidell, Louisiana. The tenant has 15+ years left on its lease with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features flat rent throughout the initial term and a 9.89% increase at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
48,164 SF
Building Class
C
Year Built
2000
Price
$6,756,000
Price Per SF
$140.27
Cap Rate
5.50%
NOI
$371,571
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.19
Lot Size
5.79 AC
Zoning
HC-2 - Highway Commercial
Parking
226 Spaces (4.69 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Signage
- Signalized Intersection
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Aldi
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Aldi | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 115888 | Improvements Assessment | $311,133 |
| Land Assessment | $0 | Total Assessment | $311,133 |
PROPERTY TAXES
Parcel Number
115888
Land Assessment
$0
Improvements Assessment
$311,133
Total Assessment
$311,133
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Aldi | 15+yrs Remain Corp Abs NNN w/ Incrs | 2985 Gause Blvd E
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