2985 Gause Blvd E - Supermarket FOR SALE


Slidell, LA 70461- Outlying St Tammany Parish
$6,756,000 USD
480-221-4221
2985 Gause Blvd E, Slidell, LA for Sale
$6,756,000 USD
Supermarket - FOR SALE
1/9
null | 5.5% Cap Rate

2985 Gause Blvd E
Slidell, LA 70461
Outlying St Tammany Parish


HIGHLIGHTS

  • 15+ Years Remaining | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Signalized, Hard-Corner Intersection (30,300 VPD) |Strong National/Credit Tenant Presence | Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,756,000 USD

PRICE/SF

$140 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aldi | 15+yrs Remain Corp Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

230

LAND DETAILS

LAND ACRES

5.79 AC

LAND SF

252,212 SF

ZONING

HC-2

APN/PARCEL ID

115888

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.