Slidell, LA - Three-Tenant Retail

Description:

• The property is 100% occupied with over 4 years of weighted average lease term (WALT) remaining, ensuring stable near-term income
• Both Sportsman’s Warehouse and Petco have three (3) additional 5-year renewal options with rent increases at the start of each option, supporting NOI growth and providing a hedge against inflation
• Sportsman’s Warehouse (NASDAQ: SPWH) and Petco (NASDAQ: WOOF) are national brands with multibillion-dollar revenues and strong credit profiles
• This Sportsman’s Warehouse is the only location in Louisiana (Strong Sales)
• French Market Furniture occupies a 15,000 SF warehouse space at a below-market gross lease rate of less than $4.50 PSF, with lease expiration in 2028, presenting an opportunity to increase rents and convert to a NNN structure

• The subject property anchors a larger retail center including national brands such as Rouses Market, Panda Express, Raising Cane’s, and others
• The adjacent Rouses Market generates 1 million annual visits, ranking among the most-visited markets nationally, with foot traffic increasing year over year
• Nearby are other major centers, such as Slidell Midtown Square (Hobby Lobby, Office Depot, Harbor Freight, and more)
• Just 2 miles from Fremaux Town Center, a 631,000+ SF shopping center, which attracts over 5.6 million annual visits and hosts national tenants such as Best Buy, Michaels, Dillard’s, among many others
• Additional national brands within a one-mile radius include Walmart Supercenter, Lowe’s, and The Home Depot
• The center offers multiple ingress and egress points, including several along U.S. Highway 190 (21,700+ VPD), a primary east–west arterial that enhances accessibility and visibility
• Just off Interstate 10 (56,700+ VPD), ensuring the property is accessible from both local and regional routes

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Listing ID: a28TP000002Py33YAC