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Ascension Plaza: Fully Occupied Walmart-Shadowed Retail Investment

122 S Airline Hwy, Gonzales, LA 70737

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Overview

Sale Brochure https://buildout.com/sharing/122-s-airline-hwy?file=4233954

Ascension Plaza is a 24,300 SF retail center located along Airline Highway in Gonzales, near Walmart Supercenter, Rouses Market, and Cornerview Plaza.

The property is 100% occupied with a tenant lineup including Tutti Frutti Frozen Yogurt, Cox Communications, Wingstop, Hibbett Sports, Hello Tokyo, Total Wireless, The Honey Baked Ham Company, Buck Up, and Elegant Touch Nails & Spa.

Built in 2009, the center sits on 2.78 acres and is zoned Limited Commercial District.

The asset is structured with NNN leases and currently yields an NOI of $394,882.

Positioned along one of Gonzales’ primary retail corridors, the property benefits from strong visibility and surrounding national retail activity.

Attachments

For Sale

Investment
Retail

Secondary Uses: Strip Center, Free Standing, Showroom, Big Box

Sale Price
$4,789,500
Price Per SF
$197.10/SF
Cap Rate
8.24%
Building Size
24,300 SF
Lot Size
2.737 ac
Zoning
C-1
Zoning Desc.
Limited Commercial
NOI
$394,882
Building Name
Ascension Plaza
Year Built
2009
Nearest MSA
Baton Rouge
Property Use Type
Investment
Parish
Ascension
Listed
06/11/2026
Updated
06/11/2026
Listing ID
4901a091
Parcel APN
20017175