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Country Club Plaza 803-865 Brownswitch Rd

64,686 SF 85% Leased Retail Building Slidell, LA 70458 £3,392,700 (£52/SF) 9.91% Net Initial Yield

Investment Highlights

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

Executive Summary

• 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

Data Room Click Here to Access

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
64,686 SF
Building Class
B
Year Built
1982
Price
£3,392,700
Price Per SF
£52
Net Initial Yield
9.91%
NOI
£336,060
Percent Leased
85%
Tenancy
Multiple
Number of Floors
1
Loading Docks
1 Exterior
Building FAR
0.22
Land Acres
6.89 AC
Zoning
C - Commercial
Parking
334 Spaces (5.16 Spaces per 1,000 SF Leased)
Frontage
452 ft on Brownswitch Road

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Signalised Intersection

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • -
  • -
  • -
  • Jan 0000

The year was 1982. Jim Disbrow and Scott Lowery had recently moved to Ohio from Buffalo, New York. All was fine until one day when the two were craving wings. Not just ordinary wings, but authentic Buffalo, New York-style chicken wings. With none to be found nearby, Jim and Scott had two choices: road trip to New York, or open a wing joint close to home. Lucky for them, they chose the latter. Hence, the beginning of Buffalo Wild Wings & Weck, now Buffalo Wild Wings®, the welcoming neighborhood atmosphere with a front-row seat for every sports fan that offers 21 mouth-watering signature sauces and seasonings.

  • Arts, Entertainment, and Recreation
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

CLUB4 Fitness is a membership-oriented health facility offering a wide array of classes and equipment that allow their members to achieve their health and fitness goals. At every CLUB4 Fitness location, one will enjoy the best workout classes with outstanding service and an unbeatable atmosphere. With beautifully designed facilities and a diverse selection of machines and equipment, CLUB4 Fitness offers a truly unique experience.

  • Service type
  • -
  • -
  • -
  • Jan 0000

Super Relax Nail Spa is a local nail salon located within the Country Club Plaza in Slidell, Louisiana.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Accommodation and Food Services - - - Jan 0000
Arts, Entertainment, and Recreation - $9.99 Lorem Ipsum Jan 0000
Service type - - - Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
83298
Land Assessment
£46,880
Improvements Assessment
£335,088
Total Assessment
£381,968
  • Listing ID: 32044898

  • Date on Market: 06/06/2024

  • Last Updated:

  • Address: 803-865 Brownswitch Rd, Slidell, LA 70458

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