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Gause Center | 100% Occupied 550 Gause Blvd 8,175 SF 100% Leased Retail Building Slidell, LA 70458 $1,497,000 ($183.12/SF) 8.49% Cap Rate
Investment Highlights
- Diverse Tenant Mix | 100% Occupied | Below Market Rent
- Slidell High School | Slidell Memorial Hospital | Fremaux Town Square | Dense Retail Corridor
- NN Leases | Fee Simple Ownership | Limited Landlord Responsibilities
Executive Summary
• The site features tenants across a variety of industries including restaurant, counseling, and office users
• The site is 100% occupied
• The tenants are currently paying below market rents in Slidell
• The site is 100% occupied
• The tenants are currently paying below market rents in Slidell
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,175 SF
Building Class
C
Year Built
2008
Price
$1,497,000
Price Per SF
$183.12
Cap Rate
8.49%
NOI
$127,169
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.91 AC
Zoning
C-2 - Neighborhood Commercial
Parking
46 Spaces (5.63 Spaces per 1,000 SF Leased)
Frontage
113’ on Gause Blvd
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 86503 | Improvements Assessment | $44,890 |
| Land Assessment | $0 | Total Assessment | $44,890 |
Property Taxes
Parcel Number
86503
Land Assessment
$0
Improvements Assessment
$44,890
Total Assessment
$44,890
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Gause Center | 100% Occupied | 550 Gause Blvd
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