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Country Club Plaza - Slidell LA 803-865 Brownswitch Rd 64,686 SF 100% Leased Retail Building Slidell, LA 70458 $6,367,007 CAD ($98.43 CAD/SF) 8.99% Cap Rate
Investment Highlights
- Offered at an 8.99% CAP Rate.
- By leasing 15% of the vacant units, the CAP Rate can be increased to over 10.11%, improving both yield and exit value.
- Club4 Fitness is on a long-term lease through January 2030.
- 6% interest rate until 12/31/2027, offering a 10.11% cash-on-cash return at the list price.
- Priced at $71.42/SF.
- Slidell is situated at the convergence of three major interstates, a $100 million medical system, NASA’s high-wage space industry.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 64,686 SF Country Club Plaza located at 803–865 Brownswitch Road in Slidell, LA. This deal includes attractive assumable debt at a 6% interest rate through 12/31/2027, offering an 10.11% cash-on-cash return at the list price and a 17.68% cash-on-cash return by year 5.
In Cooperation With Sands Investment Group Louisiana, LLC - Lic. #BROK.0995702111-CORP BoR: Andrew Ackerman - Lic. LA #BROK.0995700567-ACT
In Cooperation With Sands Investment Group Louisiana, LLC - Lic. #BROK.0995702111-CORP BoR: Andrew Ackerman - Lic. LA #BROK.0995700567-ACT
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
64,686 SF
Building Class
C
Year Built
1982
Price
$6,367,007 CAD
Price Per SF
$98.43 CAD
Cap Rate
8.99%
NOI
$572,437 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.22
Lot Size
6.89 AC
Zoning
C - Commercial
Parking
334 Spaces (5.16 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Buffalo wild wings
- Accommodation and Food Services
- 6,400 SF
- $16.48 CAD
- Triple Net
- Apr 2029
- Club 4 fitness LLC
- Retailer
- 33,387 SF
- $11.03 CAD
- Triple Net
- Jan 2030
- Conservatory of Dance Arts
- Educational Services
- 5,012 SF
- $16.40 CAD
- Triple Net
- May 2027
- Dollar general LLC
- Retailer
- 8,450 SF
- $6.99 CAD
- Triple Net
- Dec 2027
- Super Relaxed Nails
- Retailer
- 1,600 SF
- $17.65 CAD
- Triple Net
- Jan 2027
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Buffalo wild wings | Accommodation and Food Services | 6,400 SF | $16.48 CAD | Triple Net | Apr 2029 | |
| Club 4 fitness LLC | Retailer | 33,387 SF | $11.03 CAD | Triple Net | Jan 2030 | |
| Conservatory of Dance Arts | Educational Services | 5,012 SF | $16.40 CAD | Triple Net | May 2027 | |
| Dollar general LLC | Retailer | 8,450 SF | $6.99 CAD | Triple Net | Dec 2027 | |
| Super Relaxed Nails | Retailer | 1,600 SF | $17.65 CAD | Triple Net | Jan 2027 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 83298 | Improvements Assessment | $585,382 CAD |
| Land Assessment | $0 CAD | Total Assessment | $585,382 CAD |
Property Taxes
Parcel Number
83298
Land Assessment
$0 CAD
Improvements Assessment
$585,382 CAD
Total Assessment
$585,382 CAD
Contacts
-
Ethan Offenbecher -
Baker Baine -
Zuhare Rizvon -
Sands Investment Group Austin, LLC
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Country Club Plaza - Slidell LA | 803-865 Brownswitch Rd
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