100% Leased New Construction Retail Center For Sale
Discover an investment opportunity in Gonzales, LA: the third retail building in Heritage Crossing
Marketing description
HCD Real Estate is pleased to offer the third retail building in Heritage Crossing for sale. Located at 333 St. Christopher Avenue, Gonzales, LA, this 10,249 square foot contemporary property, completed in 2023, is fully leased with a strong mix of tenants, including Freshter, Knockouts Haircuts, Louisiana Casual Living, and Vicious Biscuit. Each tenant holds long-term leases with options to renew, providing stable income backed by personal guarantees.
The Triple Net (NNN) lease structure reduces landlord responsibilities, while bi-annual rent increases support ongoing revenue growth. Positioned as a shadow center to Alexander's Heritage Market, the property benefits from high visibility and foot traffic, appealing to a diverse customer base.
Surrounded by a growing population with increasing household incomes, this property enhances the mixed-use development and promises consistent patronage. With its strategic location, strong occupancy, and built-in rent escalations, this investment presents an excellent opportunity for investors seeking long-term financial appreciation in a thriving community.
Investment highlights
333 St. Christopher Ave, Gonzales, LA 70737 - Located in the mixed-use development, Heritage Crossing.
Size: 10,193 SF
Occupancy: 100% leased, showcasing strong demand and tenant stability
Tenants: A diverse mix of popular retailers, including Freshter, Knockouts Men's Haircuts, Louisiana Casual Living and Vicious Biscuit, creating a dynamic shopping environment that attracts a wide range of customers
Lease Terms: Each tenant benefits from long-term leases ranging from 6 to 10 years remaining, providing reliable income stability for the property owner. All tenants personally guarantee their leases, adding an extra layer of security for the investment.
Lease Structure: Triple Net Lease (NNN), allowing for minimal landlord responsibility in terms of maintenance and operating costs, enhancing investment appeal. Each lease includes bi-annual rent increases of $0.50, ensuring consistent revenue growth over time.
Age and Location: Completed in 2023, this contemporary retail building is strategically located in Heritage Crossing, benefiting from high visibility and foot traffic as a shadow center to Alexander's Heritage Market. The development sees around 40,000 cars daily passing by.
Demographics: Located in Ascension Parish, the property enjoys strong demographics, characterized by a growing population and increasing household incomes. This continual growth in the area supports robust consumer spending and enhances the long-term viability of retail operations.
This state-of-the-art retail property not only enhances the Heritage Crossing mixed-use development but also provides an attractive destination for shoppers seeking quality goods and services. With a well-curated tenant mix, strong lease guarantees, and prime location, it stands out as a vital asset in the community, driving consistent customer engagement and long-term profitability.
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