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414 W Highway 30
Gonzales, LA 70737
Eastbank Shopping Center · Retail Property For Sale
Executive Summary
Eastbank Shopping Center is a 128,300 SF grocery-anchored retail center located at the intersection of LA-30 and LA-44 in Gonzales, LA.
The center is 100% occupied with a tenant mix including Ideal Market, Tractor Supply, Ollie’s Bargain Outlet, Dollar Tree, and Citi Trends. Ideal Market has invested over $1.5 million into its space.
Many tenants are currently paying below-market rents, offering upside potential through future lease adjustments.
A brand new $2 million roof was installed in 2023.
The property spans 11.98 acres and includes significant frontage and multiple access points. Traffic counts exceed 19,370+ VPD on LA-30 and 15,870+ VPD on LA-44.
The surrounding corridor includes strong national retailers and rapid residential growth. The property is located directly across from Heritage Crossing, a 100+ acre mixed-use development featuring Alexander’s Market, Five Guys, and Crumbl.
Rent roll and full financials to be provided upon request. Contact broker.
The center is 100% occupied with a tenant mix including Ideal Market, Tractor Supply, Ollie’s Bargain Outlet, Dollar Tree, and Citi Trends. Ideal Market has invested over $1.5 million into its space.
Many tenants are currently paying below-market rents, offering upside potential through future lease adjustments.
A brand new $2 million roof was installed in 2023.
The property spans 11.98 acres and includes significant frontage and multiple access points. Traffic counts exceed 19,370+ VPD on LA-30 and 15,870+ VPD on LA-44.
The surrounding corridor includes strong national retailers and rapid residential growth. The property is located directly across from Heritage Crossing, a 100+ acre mixed-use development featuring Alexander’s Market, Five Guys, and Crumbl.
Rent roll and full financials to be provided upon request. Contact broker.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
128,300 SF
Building Class
B
Year Built/Renovated
1969/2023
Price
$9,758,575
Price Per SF
$76.06
Cap Rate
8%
NOI
$780,686
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
12.00 AC
Zoning
C-1 - Light Commercial
Parking
450 Spaces (3.51 Spaces per 1,000 SF Leased)
Frontage
812’ on W 30 Hwy
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
Property Taxes
| Parcel Number | 02477-100 | Improvements Assessment | $499,960 |
| Land Assessment | $215,640 | Total Assessment | $715,600 |
Property Taxes
Parcel Number
02477-100
Land Assessment
$215,640
Improvements Assessment
$499,960
Total Assessment
$715,600
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