Fully Leased Denham Springs Retail Center for Sale

Retail-Commercial for Sale
Also listed as Shopping Center, Hospitality
Catylist Listing ID: 30320990
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 9,320 SF
Gross Building Area: See Agent
Gross Land Area: 39,259 SF
Sale Price: $1,139,000
Unit Price: $122.21 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 0.09%
Last Updated: 8/4/2022

Overview / Comments

Two tenant retail center with a potential for 4 separate suites, If the need arises. it is located on a high traffic area between Denham Springs and Watson.

Current Tenants

Tenant Business Name Victoria's
Industry Type Accommodation and Food Services
Is Renting? Yes
Year Founded 2007
SF of Space Occupied 5,320 SF
Current Rent $8,000 PSF (Annual)
Options 1 2 year option
Tenant Business Name Rami & Summar LLC (dba Sherah Bridal)
Industry Type Retail Trade
Is Renting? Yes
SF of Space Occupied 4,000 SF
Current Rent $3,000 PSF (Annual)

Additional Details

Nearest MSA: Baton Rouge
County: Livingston
Submarket/Township: 81
Tax ID/APN: 0099804
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Visibility: Excellent
Largest Nearby Street: Magnolia Bridge Road
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 2007
Roof Type: Flat
Construction/Siding: Metal Siding, Stucco
Parking Type: Surface
Heat Source: Central
Air Conditioning: Package Unit

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,456 30,466 72,467
Median Age: 33.11 35.09 35.25
Households: 1,257 10,970 26,234

Contact

Photograph of Listing Agent

David H Palmer

Coldwell Banker Commercial One Baton Rouge, LA 70809
LACDB Member
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