Country Club Plaza

Marcus & Millichap is pleased to present Country Club Plaza. This property is located at 801 Brownswitch Road in Slidell, Louisiana. Its valuation is $4,300,000, which is a 9.91 percent cap rate on its individual NOI. Country Club Plaza’s gross leasable area is 64,686 square feet, which results in a $66 price per square foot. This shopping center is situated on a 6.89-acre parcel. Given the property’s vast land parcel and ample parking, a buyer may be able to explore adding value by developing or selling pad sites. An investor may also add value by leasing 9,837 square feet of vacancies (fifteen percent of the shopping center). The pro-forma cap rate of leasing vacancies alone is approximately thirteen percent. If a buyer develops or sells pad sites, the projected yield may be higher.