Fully Occupied Shopping
For Sale
Contact for pricing
122 S Airline Hwy, Gonzales, LA 70737
Fully occupied retail shopping center positioned in the orbit of a Walmart anchor.
Property Size24,300 SF
Price / SF$197.10
Days on Market55
Property Features for 122 S Airline Hwy
General Information
Standard status
Active
Size
24,300 SF
Property subtype
Retail
Occupancy
100%
Building Details
Year Built
2009
Listing Agency:
JRE Brokerage
(866) 889-0550
Listed By:
Donnie Jarreau Jr · License #BROK.32688-ACT
Source:
Crexi
Added: Jun 11
Changed: Jul 10
Last Checked: Jul 24 at 1:36PM
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 JRE Brokerage
Investment Insights
Based on property information with market context.
Ascension Plaza is a fully occupied retail shopping center investment designed for steady, day-to-day tenant presence. The property is presented as Walmart-shadowed, supporting a retail tenant mix aligned with shoppers drawn to the nearby anchor environment.
The center is located at 122 S Airline Hwy in Gonzales, Louisiana (70737). Its single-property configuration supports a straightforward ownership structure for buyers seeking an operating retail asset with current in-place occupancy.
Because Ascension Plaza is offered as fully occupied, it may appeal to investors and operators looking for a retail asset with tenants already in place rather than requiring new leasing at acquisition. The Walmart-shadowed positioning can also be relevant for retail users who benefit from operating in close retail proximity to a major anchor. Buyers should review existing lease details and tenant occupancy terms during due diligence to confirm net income and other ownership considerations.
The center is located at 122 S Airline Hwy in Gonzales, Louisiana (70737). Its single-property configuration supports a straightforward ownership structure for buyers seeking an operating retail asset with current in-place occupancy.
Because Ascension Plaza is offered as fully occupied, it may appeal to investors and operators looking for a retail asset with tenants already in place rather than requiring new leasing at acquisition. The Walmart-shadowed positioning can also be relevant for retail users who benefit from operating in close retail proximity to a major anchor. Buyers should review existing lease details and tenant occupancy terms during due diligence to confirm net income and other ownership considerations.
Key Highlights
- Retail shopping center built in 2009
- Fully occupied retail investment
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $364.5k | $15.00 |
| − Vacancy | −$36.5k | −$1.50 |
| EGI | $328.1k | $13.50 |
| − OpEx | −$98.4k | −$4.05 |
| NOI | $229.6k | $9.45 |
24,300 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.28M
$2.87M – $3.83M
NOI $229,635 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.33M
$4.67M – $6.22M
NOI $373,248 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
862
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70737, LA
47,332
Population
20,720
Households
2.3
Avg Household Size
36
Median Age
26%
College-Educated
86%
High-School Grad
54.0 sq mi
ZIP Area
877
Density / Sq Mi
$80,758
Median Household Income
$51,444
Median Earnings
$1,533
Median Rent
$252,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Galeries Gonzales — 1402 N Burnside Ave, Gonzales, LA 70737
- Quick-Tag — Walmart Supercenter, 308 N Airline Hwy, Gonzales, LA 70737
Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied retail shopping center positioned in the orbit of a Walmart anchor.
Where is this shopping center located?
The property is located at 122 S Airline Hwy Gonzales, LA.
What is the asking price?
The asking price for this property is $4,789,500.
What are key features of this property?
This property features: Retail shopping center built in 2009; Fully occupied retail investment
