280-300 Kensington Blvd - Freestanding FOR SALE


Slidell, LA 70458- Outlying St Tammany Parish
$6,998,000 USD
954-302-7365
280-300 Kensington Blvd, Slidell, LA for Sale
$6,998,000 USD
Freestanding - FOR SALE
1/6
null | 8.5% Cap Rate

280-300 Kensington Blvd
Slidell, LA 70458
Outlying St Tammany Parish


HIGHLIGHTS

  • 4+ Years WALT | Options to Extend | Rental Increases | 100% Occupied | National Tenants | Strong Sales | Value-Add
  • Prime Retail Node | Adjacent To Top-Performing Rouses Market | Fremaux Town Center (5.6M+ Annual Visitors)
  • Proximity to Community Anchors
  • Highly Accessible Shopping Center Location | I-10 (56,700+ VPD)
  • Strong Demographics In 5-Mile Trade Area
  • New Orleans MSA

OVERVIEW

• The property is 100% occupied with over 4 years of weighted average lease term (WALT) remaining, ensuring stable near-term income • Both Sportsman’s Warehouse and Petco have three (3) additional 5-year renewal options with rent increases at the start of each option, supporting NOI growth and providing a hedge against inflation • Sportsman’s Warehouse (NASDAQ: SPWH) and Petco (NASDAQ: WOOF) are national brands with multibillion-dollar revenues and strong credit profiles • This Sportsman’s Warehouse is the only location in Louisiana (Strong Sales) • French Market Furniture occupies a 15,000 SF warehouse space at a below-market gross lease rate of less than $4.50 PSF, with lease expiration in 2028, presenting an opportunity to increase rents and convert to a NNN structure

FOR SALE DETAILS

PRICE

$6,998,000 USD

PRICE/SF

$106 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Three-Tenant Retail | New Orleans (Slidell)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

350

LAND DETAILS

LAND ACRES

6.14 AC

LAND SF

267,458 SF

ZONING

C-4

APN/PARCEL ID

85672

ASK ABOUT THIS PROPERTY

Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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