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33531827
33531828

122 S Airline Hwy, Gonzales, LA 70737

DJ
LA BROK.32688-ACT
JRE Brokerage
Listed by JRE Brokerage
$4,789,500
19 days on market
Updated 19 days ago

Ascension Plaza: Fully Occupied Walmart-Shadowed Investment

Details
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 24,300
Cap Rate 8.24%
NOI $394,882
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $197
Year Built 2009
Buildings 1
Acreage 2.780
Zoning Limited Commercial District
Investment Type Stabilized
Ground Lease No

Ascension Plaza: Fully Occupied Walmart-Shadowed Retail Investment

Investment highlights

Sale Brochure https://buildout.com/sharing/122-s-airline-hwy?file=4233954

Ascension Plaza is a 24,300 SF retail center located along Airline Highway in Gonzales, near Walmart Supercenter, Rouses Market, and Cornerview Plaza.

The property is 100% occupied with a tenant lineup including Tutti Frutti Frozen Yogurt, Cox Communications, Wingstop, Hibbett Sports, Hello Tokyo, Total Wireless, The Honey Baked Ham Company, Buck Up, and Elegant Touch Nails & Spa.

Built in 2009, the center sits on 2.78 acres and is zoned Limited Commercial District.

The asset is structured with NNN leases and currently yields an NOI of $394,882.

Positioned along one of Gonzales’ primary retail corridors, the property benefits from strong visibility and surrounding national retail activity.

Listing Contacts

DJ
LA BROK.32688-ACT
JRE Brokerage
Listed by JRE Brokerage

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$394,882.00
$32,906.83/mo

Valuation Metrics

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DSCR
8.24%
Cap Rate
8.24%
ROI

Map

Zoning

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C-1 CommercialGeneral CommercialLimited Commercial
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Last updated Mar 16, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Donald M. Jarreau, Jr.
Title
Broker of Record
Name
Donnie Jarreau Jr
License
BROK.32688-ACT
Brokerage
Jarreau Real Estate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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