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803-865 Brownswitch Rd
Slidell, LA 70458 Outlying St Tammany Parish

$4,620,000 USD

Department Store For Sale  •  64,686 SF

Property Details

• Property Type Department Store
• Total Building Size 64,686 SF
• Lot Size 6.89 AC
• Building Class C
• Year Built 1982
• Cap Rate 8.99 %
• Tenancy Multiple
• Zoning C

40 Walk Score

Highlights

Offered at an 8.99% CAP Rate.

6% interest rate until 12/31/2027, offering a 10.11% cash-on-cash return at the list price.

By leasing 15% of the vacant units, the CAP Rate can be increased to over 10.11%, improving both yield and exit value.

Priced at $71.42/SF.

Club4 Fitness is on a long-term lease through January 2030.

Slidell is situated at the convergence of three major interstates, a $100 million medical system, NASA’s high-wage space industry.

Cap Rate:

8.99 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Buffalo wild wings	6,400 SF	4/30/2029
Club 4 fitness LLC	33,387 SF	1/31/2030
Conservatory of Dance Arts	5,012 SF	5/31/2027
Dollar general LLC	8,450 SF	12/31/2027
Super Relaxed Nails	1,600 SF	1/31/2027

Amenities

• Dedicated Turn Lane
• Pylon Sign
• Signalized Intersection

Public Transportation

Commuter Rail	Drive	Walk	Distance
	7 min	-	3.5 mi
Airport	Drive	Walk	Distance
Louis Armstrong New Orleans International	59 min	-	45.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	334
Type:	Surface
Included in Rent:	Yes