1770 Highway 59, Mandeville, LA 70448

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Matthew J Organ, Ccim, S.

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Suite Space Type Pricing Size
--- Land For sale: Contact for Pricing 71,874 sqft

A Retail Space For lease: Negotiable 10,000 sqft
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Building Details:

• Year Built: 2003

1770 Highway 59 is a mixed-use property for lease in Mandeville, LA. The property currently has 1 land and 1 retail space for lease and is marketed by Gulf States Real Estate Services Corporate and Matthew Organ.

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.
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