Property Description

INVESTMENT / OWNER-USER OPPORTUNITY | 4,700 SF RETAIL BUILDING | CHIPOTLE TENANT + 2,500 SF AVAILABLEExcellent opportunity to acquire a highly visible 4,700 SF two-tenant commercial building constructed in 2017 along the heavily traveled Highway 22 corridor in Mandeville. The property features an approximately 2,200 SF Chipotle Mexican Grill and an adjoining 2,500 SF vacant suite, formerly occupied by Maxem Health Urgent Care. The vacant suite provides significant flexibility for an owner-user or investor and is well suited for medical, healthcare, professional, retail or service-oriented use. An owner-user can occupy the available suite while benefiting from rental income generated by the adjoining nationally recognized restaurant tenant, or an investor can lease the vacant space to increase the property's income potential. Situated on approximately 0.59 acres, the property offers direct Highway 22 access, excellent visibility, monument signage and 34 parking spaces, including two accessible spaces. The site plan also identifies an approximately 374 SF outdoor patio serving the Chipotle suite. Strategically positioned as an outparcel to a major shopping center, the property is surrounded by established retail, restaurant and service businesses and benefits from immediate access to U.S. Highway 190 and the Lake Pontchartrain Causeway. Traffic counts are approximately 25,456 vehicles per day on Highway 22 and 56,370 vehicles per day on U.S. Highway 190. Convenient to Mandeville High School, Lakeview Regional Medical Center, Beau Chene Country Club and surrounding residential communities, this property offers a unique opportunity to acquire a modern commercial asset in an established Northshore retail corridor. Ideal for an investor seeking existing rental income with lease-up upside or an owner-user seeking to occupy approximately 2,500 SF while benefiting from income from the adjoining Chipotle location.

Property Features