1522 Gause Blvd Slidell, LA 70458-2208

Property Details for 1522 Gause Blvd

Year built

2010

Property size

3,548 SF

Property type

Commercial real estate

APN

83808

APU

83808

Description

This exceptional investment opportunity presents a fee-simple, absolute NNN-leased Chicken Salad Chick restaurant in Slidell, Louisiana. The 3,548 square foot building, constructed in 2010, sits on a 0.78-acre lot with 25 parking spaces and enjoys a prime location at a signalized intersection on Gause Blvd (24,500 VPD), with convenient access to Interstate 10 (56,700 VPD). The property benefits from excellent visibility and proximity to major retailers including Midtown Square Shopping Center (150,000+ sq ft), Lowe's, Walmart, Home Depot, CVS, and Walgreens. Further enhancing its appeal is its close proximity to Slidell Memorial Hospital (223 beds). The current lease with Chicken Salad Chick has six years remaining, with two five-year renewal options, each including a 10% rent increase. This translates to a strong, stable income stream with built-in inflation protection. The property boasts a 6.00% cap rate and a net operating income (NOI) of $88,144, with a current asking price of $1,469,000 ($414.04/sq ft). The C-4 Highway Commercial zoning ensures flexibility for future development. The strong demographics of the area, including a population of over 86,000 residents and 35,000 daytime employees within a five-mile radius, and an average household income of $101,052 within one mile, contribute to the property's exceptional investment potential. This is a truly passive investment opportunity with zero landlord responsibilities.

Location Insight

City

Slidell

County

Saint Tammany

State

Louisiana

Longitude

-89.7562

Latitude

30.2852

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments