Catylist ID:
#30818654
| Catylist Listing ID: | 30818654 |
| Property Subtypes: | Fashion/Specialty, Neighborhood Center, Strip Center |
| Building Size (RSF): | 17,546 SF |
| Gross Land Area: | 1 Acre |
| Sale Price: | $2,278,600 |
| Unit Price: | $129.86 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Investment, Business |
| Building Name: | River Center II |
| Usable Size (USF): | 17,546 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 8.05% |
| Average Occupancy Rate: | 100 |
| Last Updated: | 3/30/2023 |
Overview / Comments
|
River Center II is a multi-tenant retail shopping center in New Roads, LA. Strategically positioned in the New Roads primary retail corridor, this +/- 17,546 SF shopping center is an ideal investment opportunity and an excellent fit for a 1031 exchange. The center is 100% occupied by a mix of national and regional tenants including Enterprise, Snap Fitness & T-Mobile. Other tenants driving traffic to the area include Walmart Supercenter, McDonald's, Family Dollar, and AutoZone. Investment Highlights -Located in New Roads primary retail corridor -Strategically positioned as a Walmart shadow center -100% occupied -Strong historical occupancy |
Attachments & Media
Additional Details
| Nearest MSA: | Baton Rouge |
| County: | Pointe Coupee |
| Submarket/Township: | 74 |
| Tax ID/APN: | 00689850 |
| Zoning: | C-1 |
| Retail Clientele: | General, Family, Recreation |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Hospital Road |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Typical SF / Floor: | 2,500 SF |
| Year Built: | 2008 |
| Parking Type: | Surface |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Air Conditioning: | Engineered System |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Land Ownership: | Fee Simple |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 1,878 | 3,864 | 9,495 |
| Median Age: | 46.3 | 43.49 | 42.89 |
| Households: | 832 | 1,592 | 3,939 |
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