803-865 Brownswitch Rd - Restaurant FOR SALE


Slidell, LA 70458
$4,300,000 USD
803-865 Brownswitch Rd, Slidell, LA for Sale
$4,300,000 USD
Restaurant - FOR SALE
1/4
null | 9.91% Cap Rate

803-865 Brownswitch Rd
Slidell, LA 70458


HIGHLIGHTS

  • 9.91 Percent Day-One Cap Rate
  • 13 Percent Pro Forma Cap Rate | Upside Through Leasing 9,837 Square Feet of Vacancies
  • 6.89 Acre Land Parcel: Further Upside May Be Possible Through Development or Sales of Pad Sites
  • Price Below-Replacement Cost at $66 Per Square Foot
  • Mix of National and Regional Credit Tenants

OVERVIEW

• 9.91 Percent Day-One Cap Rate • 13 Percent Pro Forma Cap Rate | Upside Through Leasing 9,837 Square Feet of Vacancies • 6.89 Acre Land Parcel: Further Upside May Be Possible Through Development or Sales of Pad Sites • Price Below-Replacement Cost at $66 Per Square Foot • Mix of National and Regional Credit Tenants

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$61 USD /SF

CAP RATE

9.91%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Country Club Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

334

LAND DETAILS

CROSS STREETS

SEC Robert Rd & Brownswitch Rd

LAND ACRES

6.89 AC

LAND SF

300,128 SF

ZONING

C

APN/PARCEL ID

83298

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