For Sale
$3,917,440

333 St Christopher AveGonzales, LA 70737

100% Leased, High-Growth Location

Overview

Added:
Dec 11, 2024
Days on market:
116
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.

Highlights

  • 10,249 SF retail building in Gonzales, LA, part of the Heritage Crossing mixed-use development.
  • 100% leased to Freshter, Knockouts Haircuts, Louisiana Casual Living, and Vicious Biscuit.
  • Long-term leases (6-10 years remaining) with tenant personal guarantees.
  • Triple Net (NNN) leases with $0.50 bi-annual rent increases.
  • Shadow-anchored to Alexander's Heritage Market, with high visibility and approximately 40,000 daily cars passing by.

Property Details for 333 St Christopher Ave

Property type
Lifestyle centers, Power centers
Square Feet
10,249 SF
Class
A
Year Built
1
Buildings
1
Stories
1
Lot Size (sq. ft)
73,573 SF
Units
5

Location Insight

City
Gonzales
County
Ascension Parish
State
Louisiana
Latitude
30.209686
Longitude
-90.922575
333 St Christopher Ave, Gonzales, Louisiana

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
333 St Christopher Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message