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803-865 Brownswitch Rd
Slidell, LA 70458
Country Club Plaza - Slidell, LA · Retail Property For Sale
Investment Highlights
- Competitively Priced: Offered at 9.04% CAP Rate.
- Value Add - Lease Up: By Leasing 15% of the Vacant Units, the CAP Rate Can Be Raised to Over 11.5%, Improving Yield and Exit Value
- Strong Tenancy: Club4 Fitness is on a Long-Term Lease Through January 2030
- Attractive Assumable Debt: 6% Interest Rate Until 12/31/2027, Offering an 11.6% Cash on Cash Return at the List Price.
- Value Add - Lease Up: By Leasing 15% of the Vacant Units, the CAP Rate Can Be Raised to Over 11.5%, Improving Yield and Exit Value;
- Strategic Location in Louisiana's Fastest Growing Parish: Slidell is Situated at the Convergence of 3 Major Interstates, a $100M Medical System
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
64,686 SF
Building Class
C
Year Built
1982
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.22
Lot Size
6.89 AC
Zoning
C - Commercial
Parking
334 Spaces (5.16 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
Property Taxes
| Parcel Number | 83298 | Improvements Assessment | $424,110 |
| Land Assessment | $0 | Total Assessment | $424,110 |
Property Taxes
Parcel Number
83298
Land Assessment
$0
Improvements Assessment
$424,110
Total Assessment
$424,110
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