• Year Built: 2003
1770 Highway 59 is a mixed-use property for lease in Mandeville, LA.
This strip is in an excellent location, great physical condition, no deferred maintenance, nice looking, with a nice Income stream, with Four (4) 1,250 sq.ft. bays, totaling 5,000 sq.ft..The vacant 2 units that consist each of 1,250 sq.ft. are adjacent to each other, and formerly one was a convienent store and the other equipped with a kitchen, and hood system, fire marshal approved. The seller is prepared to personally guarantee the current vacant bays for a period of up to 12 months or until the listing agent, or new purchaser leases said spaces for a higher Base Rent. Seller will guarantee a Base Rent of: $12.15 per square foot, plus pay the triple net charges/Operating Expenses, which are currently running $3.42/sq.ft.. On the other two (2) vacant bays the seller owns the business, North Lake Seafood, which occupies the other 2 bays totaling 2,500 sq.ft. and the seller will sign a 3-5 year lease, provided the terms and conditions of the sale price are meet. This above outline provides an investor with 100% occupancy.
(See Pictures, Great Looking Center)
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- Erin Caballero, agent and Rofo Pro