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Eastbank Shopping Center 414 W Highway 30 128,300 SF 100% Leased Retail Building Gonzales, LA 70737 $13,444,682 CAD ($104.79 CAD/SF) 8% Cap Rate
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
128,300 SF
Building Class
B
Year Built/Renovated
1969/2023
Price
$13,444,682 CAD
Price Per SF
$104.79 CAD
Cap Rate
8%
NOI
$1,075,575 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
12.00 AC
Zoning
C-1 – Light Commercial
Parking
450 Spaces (3.51 Spaces per 1,000 SF Leased)
Frontage
812’ on W 30 Hwy
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02477-100 | Improvements Assessment | $688,810 CAD |
| Land Assessment | $297,094 CAD | Total Assessment | $985,904 CAD |
PROPERTY TAXES
Parcel Number
02477-100
Land Assessment
$297,094 CAD
Improvements Assessment
$688,810 CAD
Total Assessment
$985,904 CAD
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Eastbank Shopping Center | 414 W Highway 30
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