Current Use by Public Records
- Lifestyle centers
Property Details for 333 St Christopher Ave
- Year built
- 1
- Lot size
- 1.69 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 10,249 square foot shopping center in Gonzales, Louisiana, presents a compelling investment opportunity. Located at 333 St. Christopher Ave within the thriving Heritage Crossing mixed-use development, this single-story, 2023-built property boasts 100% occupancy with four diverse tenants: Vicious Biscuit, Freshter, Knockouts Haircuts and Grooming, and Louisiana Casual Living. Each tenant is secured by a long-term lease (ranging from 6 to 10 years remaining) with personal guarantees, ensuring consistent income. The triple-net (NNN) lease structure minimizes landlord responsibilities, while bi-annual rent increases of $0.50 per unit provide built-in revenue growth. Benefiting from its shadow-anchored position to Alexander's Heritage Market, the center enjoys high visibility and significant daily traffic (approximately 40,000 cars). Situated on a 1.689-acre lot with 62 parking spaces, the property is zoned for mixed use and offers a strong return on investment with a 6.25% cap rate and a net operating income (NOI) of $244,840. The asking price is $3,917,440. This prime retail location in a rapidly growing area of Ascension Parish, Louisiana, offers exceptional stability and potential for long-term appreciation. The property features five units and is ideally positioned to benefit from the area's increasing population and household incomes. The lease commencement date is September 27, 2024, and the lease expiration date is December 31, 2031.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gonzales
- County
- Ascension Parish
- State
- Louisiana
- Longitude
- -90.9226
- Latitude
- 30.2097
