Walmart Shadow Center for Sale

Shopping Center for Sale
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: 11/30/2022

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

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

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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

Contact

Photograph of Listing Agent

Justin P Langlois

Stirling Properties Baton Rouge Baton Rouge, LA 70809
LACDB Member
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