W Causeway Approach Retail Strip Plaza
Retail | 7.10% CAP | 14,583 SqFt
Marketing description
W Causeway Approach Retail Strip Plaza
Investment / Owner-Occupant Opportunity
Well-positioned retail strip center available for sale on highly visible W Causeway Approach in Mandeville, LA. The property contains approximately 11,703 rentable square feet and offers a compelling opportunity for an investor, owner-occupant, or business operator seeking to acquire a well-located retail asset with occupancy and income upside.
This offering is especially attractive for a restaurant operator or other business owner looking to occupy the available vacant space while generating additional income from in-place tenants.
Unit Breakdown
Units 1–3: Combined for 2,831 RSF and currently operating as a restaurant.
Units 4–6: Combined for 3,012 RSF and include an existing kitchen buildout.
Unit 7: 2,569 RSF and occupied by Stone Title.
Unit 8: 1,058 RSF and occupied by Tip Top Nails.
Unit 9: 1,058 RSF and occupied by Kent Jacob Salon.
Unit 10: 1,175 RSF and occupied by Level Up Nutrition.
Investment highlights
11,703 RSF
Multi-tenant retail strip center
NN leased
Flood Zone X
$270,532 Pro Forma Gross Income
$199,629 Scheduled Gross Income
$149,067 Scheduled Net Income
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