14458 Airline Hwy

Investment Highlights

This property offers versatility for various uses, such as retail, office space, or residential living, and even catering. Enjoy easy access to a wide range of amenities and services, including shopping centers, restaurants, schools, parks, and healthcare facilities. Ensures high visibility and exposure to passing traffic. Residents or businesses may have access to community amenities or services, such as recreational facilities and public transportation.

Executive Summary

The Dowd Companies is pleased to offer for sale the fee simple interest (land & building) in a new stand alone Dollar Tree store located in Gonzales, LA on Airline Highway (US 61) between Baton Rouge and New Orleans on the cities the major commercial corridor. Traffic counts in front of the site are approximately 19,000 vehicles per day. The building was built in 1990 and is currently being renovated into a new Dollar Tree store. The base lease term is 10-years (with 4-5 year options) and will commence August 14, 2023, giving a buyer the benefit of a full 10-year lease term. The lease features favorable rental increases at the beginning of each 5-Year term including the option periods, which will generate steady NOI growth and hedge against inflation.Additionally, the site benefits from over 162,000 residents with an average household income of approximately $122,788 and over 81,000 employees within a 10 mile trade area of the subject property.Gonzales is a thriving commercial center with a variety of businesses, including retail, manufacturing, and distribution. The city is home to several large industrial parks, including the Louisiana Technology Park and the Gonzales Industrial Park. Major employers in Gonzales include Crown Crafts, BASF, and EATEL.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Retail
• Building Size    11,000
• Building Class    B
• Year Built/Renovated    2007/2023
• Price    2,030,800
• Price Per SF    185
• Cap Rate    6.50
• NOI    132,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    1.01
• Land Acres    0.25 AC