Grocery Store
30yr Grocery Leasehold (former Rouses)
110 Gause Blvd W, Slidell, LA 70460
Starting Bid: $1
Investment Overview
The subject offering is a Leasehold for a vacated supermarket with below-market rent for over 15 years. The site is located at the northwest corner of Gause Boulevard West (US Hwy 190) and US Highway 11 in Slidell, Louisiana, a parish of St. Tammany. The city is part of the New Orleans-Metairie-Kenner metropolitan statistical area.
Rouse Market is currently vacant, however the lease is in effect through September 27, 2024. The Leasehold expires on September 28, 2039.
The subject building is adjacent the 134,000±-square-foot shopping center known as The Crossing. The Crossing is approximately 90 percent leased to tenants such as Cato Fashions, Dirt Cheap, Crumbl Cookies, Family Cuts, and a Mexican restaurant. Directly next door to the subject center is Plaza 190 Shopping Center anchored by Big Lots and Dollar Tree. It also sits across from Northside Mall, anchored by Planet Fitness.
The property is being auctioned via Ten-X on June 24 – 26, 2024. Visit the Ten-X website (ten-x.com) for more information and to review property documents.
30yr Grocery Leasehold (former Rouses)
Investment Highlights
- Located at the signalized, busy northwest corner of Gause Blvd. West (US Hwy 190) and US Hwy 11
- High Visibility in a Dense Retail Corridor with High Traffic Counts of approximately 35,000 VPD
- Other Nearby Retailers Include Big Lots, Dollar Tree, Planet Fitness, Walgreens, CitiTrends, Popeye's Chicken, Burger King, and Subway
Starting Bid: $1
Investment Highlights
- Located at the signalized, busy northwest corner of Gause Blvd. West (US Hwy 190) and US Hwy 11
- High Visibility in a Dense Retail Corridor with High Traffic Counts of approximately 35,000 VPD
- Other Nearby Retailers Include Big Lots, Dollar Tree, Planet Fitness, Walgreens, CitiTrends, Popeye's Chicken, Burger King, and Subway
Investment Overview
The subject offering is a Leasehold for a vacated supermarket with below-market rent for over 15 years. The site is located at the northwest corner of Gause Boulevard West (US Hwy 190) and US Highway 11 in Slidell, Louisiana, a parish of St. Tammany. The city is part of the New Orleans-Metairie-Kenner metropolitan statistical area. Rouse Market is currently vacant, however the lease is in effect through September 27, 2024. The Leasehold expires on September 28, 2039. The subject building is adjacent the 134,000±-square-foot shopping center known as The Crossing. The Crossing is approximately 90 percent leased to tenants such as Cato Fashions, Dirt Cheap, Crumbl Cookies, Family Cuts, and a Mexican restaurant. Directly next door to the subject center is Plaza 190 Shopping Center anchored by Big Lots and Dollar Tree. It also sits across from Northside Mall, anchored by Planet Fitness. The property is being auctioned via Ten-X on June 24 – 26, 2024. Visit the Ten-X website (ten-x.com) for more information and to review property documents.
