Fully Occupied Shopping
For Sale
$4,789,500
122 S Airline Hwy, Gonzales, LA 70737
Fully occupied retail shopping center positioned in the orbit of a Walmart anchor.
Property Size24,300 SF
Days on Market140
Property Features for 122 S Airline Hwy
General Information
Standard status
Active
Size
24,300 SF
Property subtype
Retail
Occupancy
100%
Building Details
Building Size
24,300 SF
Listing Agency:
JRE Brokerage
Listed By:
Donnie Jarreau · License #BROK.32688-ACT
(225) 907-6028
Source:
Gojre
Added: Jun 17
Changed: Oct 28
Last Checked: Nov 1 at 4:55AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$229,635
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,592,700
$4.6M
Cap Rate 7%
$3,280,500
$3.3M
Cap Rate 9%
$2,551,500
$2.6M
Market Conditions
NOI Build-Up for 24,300 SF
Gross rent
$364.5K $15.00/SF
− Vacancy
−$36.5K −$1.50/SF
EGI
$328.1K $13.50/SF
− OpEx
−$98.4K −$4.05/SF
NOI
$229.6K $9.45/SF
Area
Ascension County, LA
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,592,700
Cap Rate 7%
$3,280,500
Cap Rate 9%
$2,551,500
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
485
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Quick-Tag — Walmart Supercenter, 308 N Airline Hwy, Gonzales, LA 70737
- Galeries Gonzales — 1402 N Burnside Ave, 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
