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Virtual Drive-By

NAPA Auto Parts NN

1035 Gause Blvd W · Slidell, LA 70460 · Auto Parts / Service

Asking price
$1,316,500
Cap rate
7.25%
NOI
$95,448

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Lease

Lease typeNN
Term remaining5.7 yrs
Expiration03/2032
Rent bumps2% Annual Increases Starting in 2028, 2% in options
OptionsTwo, 5-Year Options
Ground lease—
Credit profile—
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF11,931
Price / SF$110
Year built1975
Lot size1.46 ac
TypeStorefront, Automotive
Days on market157

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

Net Lease with Attractive Annual Increases

NAPA’s net lease features ±6.1 years of term remaining with ±2% annual increases throughout the term and continuing in the two, 5-year renewal options.

Excellent Access & Visibility

Located approximately 30 miles northeast of New Orleans, NAPA is located with excellent access and visibility along Gause Boulevard West (15,068 VPD), less than one mile west of U.S. Highway 11 (20,404 VPD) ― a historic 1,645-mile scenic highway stretching from New Orleans to the Canadian border.

Strategic Location

NAPA is immediately adjacent to Slidell Seafood and directly across Gause Boulevard from Dat Fiya Food Truck and Acadiana Stor-N-Lock. Other tenants in the vicinity include Honeycomb School and Child Development Center, Gause Paws Pet Resort and Boutique, American Furniture of Slidell, Louisiana Outdoors, Lee’s Hamburgers, Skater’s Paradise and Southern Self Storage. Additionally, the site is less than one mile from a cluster of many national tenants, including Starbucks, Walgreens, Jersey Mike’s Subs, Cici’s Pizza, Popeye’s Louisiana Kitchen, Dollar General, Burger King, Church’s Texas Chicken, Chase Bank, Planet Fitness, Circle K, Papa Johns Pizza, Dairy Queen Grill & Chill, Sonic Drive-In and Subway, to name a few.

Primary Retail & commercial Corridor

In total, the site benefits from a total of 6.5 MSF of retail, 1.1 MSF of office, 1.7 MSF of industrial and 1,120 multi-family units within a 3-mile radius. NAPA is strategically wedged between two major retail districts, that are home to tenants such as The Home Depot, Walmart Supercenter, Sam’s Club, At Home, Olive Garden, Chili’s, Raising Cane’s Chicken Fingers, Chick-fil-A, Starbucks, Wendy’s, At Home, Rouses Market, Taco Bell, Outback Steakhouse and Applebee’s Grill + Bar, among many others. Additionally, the site is proximate to several hospitality uses, such as Holiday Inn Express, Homewood Suites, Holiday Inn & Suites, Comfort Inn & Suites, Motel 6, Quality Inn & Suites, Candlewood Suites, La Quinta, Wingate and Best Western, to name a few.

Proximate to Fremaux Town Center

NAPA is a ten minute drive to Fremaux Town Center - a premier 350-acre regional mixed-use development offering over 640,000 square feet of diverse retail and dining options anchored by major brands like Dillard’s, Kohl’s, and Dick’s Sporting Goods. The center creates a comprehensive “live-work-play” environment by integrating national retailers and popular restaurants—such as BJ’s Restaurant & Brewhouse and LongHorn Steakhouse—with luxury residential living at the Retreat and on-site hospitality. Development continues to progress with the Springhill Suites by Marriott now open and a 140,000-square-foot Amazon facility expected to begin operations by early 2026. Additionally, the Home2 Suites by Hilton is currently nearing completion and is projected to open within the first half of the year, further expanding the site’s hospitality and professional footprint.

Property overview

Located approximately 30 miles northeast of New Orleans, NAPA is located with excellent access and visibility along Gause Boulevard West (15,068 VPD), less than one mile west of U.​S.​ Highway 11 (20,404 VPD) ? a historic 1,645-mile scenic highway stretching from New Orleans to the Canadian border.​ NAPA’s net lease features ±6.1 years of term remaining with ±2% annual increases throughout the term and continuing in the two, 5-year renewal options.​ NAPA is immediately adjacent to Slidell Seafood and directly across Gause Boulevard from Dat Fiya Food Truck and Acadiana Stor-N-Lock.​ Other tenants in the vicinity include Honeycomb School and Child Development Center, Gause Paws Pet Resort and Boutique, American Furniture of Slidell, Louisiana Outdoors, Lee’s Hamburgers, Skater’s Paradise and Southern Self Storage.​ Additionally, the site is less than one mile from a cluster of many national tenants, including Starbucks, Walgreens, Jersey Mike’s Subs, Cici’s Pizza, Popeye’s Louisiana Kitchen, Dollar General, Burger King, Church’s Texas Chicken, Chase Bank, Planet Fitness, Circle K, Papa Johns Pizza, Dairy Queen Grill & Chill, Sonic Drive-In and Subway, to name a few.​

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.