414 W Highway 30 - Retail FOR SALE


Gonzales, LA 70737- Ascension Parish
$9,758,575 USD
225-753-3573
414 W Highway 30, Gonzales, LA for Sale
$9,758,575 USD
Retail - FOR SALE
1/7
null | 8% Cap Rate

414 W Highway 30
Gonzales, LA 70737
Ascension Parish


OVERVIEW

Eastbank Shopping Center is a 128,300 SF grocery-anchored retail center located at the intersection of LA-30 and LA-44 in Gonzales, LA. The center is 100% occupied with a tenant mix including Ideal Market, Tractor Supply, Ollie’s Bargain Outlet, Dollar Tree, and Citi Trends. Ideal Market has invested over $1.5 million into its space. Many tenants are currently paying below-market rents, offering upside potential through future lease adjustments. A brand new $2 million roof was installed in 2023. The property spans 11.98 acres and includes significant frontage and multiple access points. Traffic counts exceed 19,370+ VPD on LA-30 and 15,870+ VPD on LA-44. The surrounding corridor includes strong national retailers and rapid residential growth. The property is located directly across from Heritage Crossing, a 100+ acre mixed-use development featuring Alexander’s Market, Five Guys, and Crumbl. Rent roll and full financials to be provided upon request. Contact broker.

FOR SALE DETAILS

PRICE

$9,758,575 USD

PRICE/SF

$76 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Eastbank Shopping Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

450

LAND DETAILS

LAND ACRES

12 AC

LAND SF

522,720 SF

ZONING

C-1 – Light Commercial

APN/PARCEL ID

02477-100

ASK ABOUT THIS PROPERTY

Donnie JarreauJarreau Real EstateMore Info
225-753-3573

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Donnie JarreauJarreau Real EstateMore Info
225-753-3573

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