Property Listing No Longer Available for Sale

2706 S. Cabela's Parkway, Gonzales, LA

Retail for Sale - $3,800,000 - 14,700 Sq. Ft. on 2.5 acres


Property Info

CIMLS#949649
Location
  2706 S. Cabela's Parkway
  Gonzales LA 70737
UpdatedAugust 23rd, 2017
TypeRetail
Price$3,800,000
Building14,700 Sq. Ft.
Land2.5 acres

Property Description

2706 S Cabela's Parkway ( Property ) is a 14,700 SF retail asset constructed in mid 2015. It is located on the Southeast corner of S Cabela's Parkway, with five tenants: Quaker Steak & Lube, SportClips, Red Wing Shoes, Firehouse Subs and Mooyah Burgers, Fries & Shakes, all of which have been signed to long-term leases.

The Property is easily accessible off of LA HWY 30 W, having both right in/right out and left in/ left out access, and also has unparalleled visibility and unmatched signage within the development. Heavy traffic on the thoroughfare can be attributed to the extensive traffic generation that the Cabela's and Tanger retail corridor creates as anchors. The Property is located within Gonzales, directly off I-10, yet serves a much larger area including New Orleans and the Capital City of Baton Rouge, LA.

The Property' s specialty retailers attract consumers from a much broader geographic area than the submarket that it is located in; additional security is captured from the abundant discretionary income of these submarkets. As a whole, Gonzales' diverse economy, central location, and business-friendly environment offer a competitive atmosphere to maintain a strong growth rate and continued economic development. The prime location of this Property and the city' s healthy business climate give an investor a strong foundation to realize true value through this asset.

Location Description:

SVN | Graham, Langlois & Legendre is pleased to present this Net Leased Multi-Tenant Retail Investment for sale. The subject property is located on the Southeast Corner of S. Cabela's Parkway and Outfitters Drive in Gonzales, LA. Gonzales, LA is located approximately 24 miles Southeast of Baton Rouge and approximately 45 miles Northwest of New Orleans. Sportsman's Park Development is situated on the Southwest quadrant of Interstate 10 and Highway 30. Traffic Generators in the area include Cabela's, Tanger Outlet, Home Depot, River Parishes Community College, Lamar-Dixon Expo Center and an explosive Industrial Renaissance along the Mississippi River.

Highlights:

>> Year Built: 2015

>> Five tenants, 100% occupied

>> Strong traffic on Hwy 30 and I-10 at this intersection

>> Surrounded by new commercial development

>> Excellent 1031 exchange property

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Financials