803 Brownswitch Rd Slidell, LA 70458

This exceptional retail investment opportunity, Country Club Plaza, is located at 803 Brownswitch Rd, Slidell, LA 70458. The property consists of two buildings totaling 64,686 square feet on a 6.89-acre lot. Currently 85% occupied, the center features a mix of national and regional tenants including Dollar General and Buffalo Wild Wings. The asking price is $4,300,000, representing a current cap rate of 9.91% and a pro-forma cap rate of 12.99% based on a Net Operating Income (NOI) of $425,931 and a pro-forma NOI of $558,613 respectively. The property offers significant value-add potential. Approximately 9,837 square feet of vacant space presents an immediate opportunity to increase NOI. The large lot size also allows for potential future development or sale of pad sites, further enhancing the investment return. Built in 1982, the property is offered fee simple with rent bumps in place. The price per square foot is $66.47. This is a multi-tenant, NNN-leased property with strong potential for increased profitability. The property's location in St. Tammany Parish provides excellent access to a thriving community. This is a rare opportunity to acquire a well-located retail center with substantial upside potential.