Gause Boulevard Retail
For Sale
Contact for pricing
1035 Gause Blvd W, Slidell, LA 70460
Retail property with excellent access and visibility on Gause Boulevard.
Property Size11,931 SF
Price / SF$110.34
Days on Market189
Property Features for 1035 Gause Blvd W
General Information
Standard status
Active
Size
11,931 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$95,448
Building Details
Year Built
1975
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
CBRE New Orleans
(504) 733-4555
Listed By:
Bryce French · License #LA 0995690959
Source:
Crexi
Added: Feb 20
Changed: Aug 28
Last Checked: Aug 26 at 2:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE New Orleans
Investment Insights
Based on property information with market context.
Located approximately 30 miles northeast of New Orleans, this retail property offers excellent access and visibility along Gause Boulevard West, which sees 15,068 vehicles per day. It is situated less than one mile west of U.S. Highway 11, a 1,645-mile scenic highway stretching from New Orleans to the Canadian border, with a traffic count of 20,404 vehicles per day. The property is immediately adjacent to Slidell Seafood and directly across Gause Boulevard from Dat Fiya Food Truck and Acadiana Stor-N-Lock. Other nearby tenants include Honeycomb School and Child Development Center, Gause Paws Pet Resort and Boutique, American Furniture of Slidell, Louisiana Outdoors, Lee’s Hamburgers, Skater’s Paradise, and Southern Self Storage. Additionally, the site is less than one mile from a cluster of national tenants, including Starbucks, Walgreens, Jersey Mike’s Subs, Cici’s Pizza, Popeye’s Louisiana Kitchen, Dollar General, Burger King, Church’s Texas Chicken, Chase Bank, Planet Fitness, Circle K, Papa Johns Pizza, Dairy Queen Grill & Chill, Sonic Drive-In, and Subway. The property has a size of 11,931 square feet.
Key Highlights
- Net lease with approximately 16.1 years of term remaining.
- Benefit from approximately 2% annual increases throughout the lease term and renewal options.
- Excellent access and visibility on Gause Boulevard West (15,068 VPD).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$119,638
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,392,760
$2.4M
Cap Rate 7%
$1,709,114
$1.7M
Cap Rate 9%
$1,329,311
$1.3M
Market Conditions
NOI Build-Up for 11,931 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$179.0K $15.00/SF
− Vacancy
−$8.1K −$0.68/SF
EGI
$170.9K $14.33/SF
− OpEx
−$51.3K −$4.30/SF
NOI
$119.6K $10.03/SF
Area
St. Tammany County, LA
Vacancy
4.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,392,760
Cap Rate 7%
$1,709,114
Cap Rate 9%
$1,329,311
Alternative Uses
Best Use
Retail
$1.71M
$1.50M – $1.99M
NOI $119,638 @ 7.0% cap · market cap 9.09%
Second Best
Industrial
$1.04M
$910.4K – $1.21M
NOI $72,835 @ 7.0% cap · market cap 5.53%
Theoretical Best
Multifamily LT 5
$128.62M
$112.54M – $150.05M
NOI $9,003,228 @ 7.0% cap · market cap 683.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,439
Businesses Nearby
134k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 40%
Home Improvements & Furnishings 5%
Electronics 2%
Copeland's of New Orleans
Dining
15,996 visits/mo
0.4 miles
Exxon
Shops & Services
15,607 visits/mo
0.2 miles
Capital One Bank
Shops & Services
13,110 visits/mo
0.5 miles
Chase Bank
Shops & Services
11,412 visits/mo
0.5 miles
SONIC Drive In
Dining
8,532 visits/mo
0.1 miles
Demographics for 70460, LA
22,429
Population
9,223
Households
2.4
Avg Household Size
39
Median Age
17%
College-Educated
84%
High-School Grad
38.4 sq mi
ZIP Area
584
Density / Sq Mi
$63,413
Median Household Income
$35,197
Median Earnings
$1,208
Median Rent
$184,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 1189 Fremaux Ave, Slidell, LA 70458
- Budget Car Rental — 1480 Gause Blvd Ste H, Slidell, LA 70458
- Budget Truck Rental — 1421 Gause Blvd, Slidell, LA 70458
- Avis Car Rental — 1480 Gause Blvd, Slidell, LA 70458
Frequently Asked Questions
What type of property is this?
Automotive property - Retail property with excellent access and visibility on Gause Boulevard.
Where is this automotive property located?
The property is located at 1035 Gause Blvd W Slidell, LA.
What is the asking price?
The asking price for this property is $1,316,500.
What are key features of this property?
This property features: Net lease with approximately 16.1 years of term remaining.; Benefit from approximately 2% annual increases throughout the lease term and renewal options.; Excellent access and visibility on Gause Boulevard West (15,068 VPD).
