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3333 Pontchartrain Dr 3,925 SF Office Building Slidell, LA 70458 $2,000,000 ($509.55/SF) 6.52% Cap Rate
Investment Highlights
- 4+ Years Remaining | Annual Rental Increases | Options to Extend
- Near Signalized, Hard Corner Intersection | Interstate 10 | Excellent Visibility
- Strong Demographics in 5-mile Trade Area
- NNN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Fremaux Town Center (640,000 SF) | Dense Retail Corridor | Strong National/Credit Tenant Presence |
Executive Summary
• The tenant currently has 4+ years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features annual rental increases of 1.50% throughout the initial term and options thereafter, growing NOI and hedging against inflation
• The lease features annual rental increases of 1.50% throughout the initial term and options thereafter, growing NOI and hedging against inflation
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
3,925 SF
Building Class
B
Year Built
2012
Price
$2,000,000
Price Per SF
$509.55
Cap Rate
6.52%
NOI
$130,322
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,925 SF
Building FAR
0.08
Lot Size
1.07 AC
Zoning
HC - Highway Commercial
Parking
27 Spaces (6.88 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Property Taxes
| Parcel Number | 87946 | Improvements Assessment | $67,473 |
| Land Assessment | $0 | Total Assessment | $67,473 |
Property Taxes
Parcel Number
87946
Land Assessment
$0
Improvements Assessment
$67,473
Total Assessment
$67,473
Contacts
-
Michael Berk -
Sabrina Sapienza -
Chip Watson -
Joe Hewes -
SRS Real Estate Partners
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3333 Pontchartrain Dr
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