Catylist ID:
#30818660
Ville Platte Shopping Center for Sale
Shopping Center
for Sale
| Catylist Listing ID: | 30818660 |
| Property Subtypes: | Fashion/Specialty, Neighborhood Center, Strip Center |
| Building Size (RSF): | 45,419 SF |
| Gross Land Area: | 2 Acres |
| Sale Price: | $1,900,000 |
| Unit Price: | $41.83 PSF |
| Property Use Type: | Investment |
| Building Name: | Ville Platte shopping Center |
| Usable Size (USF): | 45,419 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 6.21% |
| Average Occupancy Rate: | 76 |
| Last Updated: | 3/30/2023 |
Overview / Comments
|
Ville Platte Shopping Center is a multi-tenant retail center located in the heart of Ville Platte, Louisiana. The shopping center has excellent visibility and is positioned in the most heavily trafficked area of town. Ville Platte Shopping Center is currently 76% occupied and the existing leases provide renewal options with rental increases. The center is located next to Walmart Supercenter and is in close proximity to other national retailers including Popeye's, McDonald's, Cricket Wireless, Sonic, Domino's, and many more. Investment Highlights -Multi-tenant retail center in Louisiana -New 5-yr NNN lease with Dollar Tree -Seventy-six (76%) percent occupied -Existing leases provide options for renewal with rental increases |
Attachments & Media
Additional Details
| Nearest MSA: | Opelousas |
| County: | Evangeline |
| Taxing Authority: | Evangeline |
| Tax ID/APN: | 1110022525 |
| Zoning: | C1 |
| Retail Clientele: | General, Family |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Lasalle Street |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Property Condition: | Fair |
| Parking Type: | Surface |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Air Conditioning: | Air Curtain |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 2,778 | 10,167 | 13,087 |
| Median Age: | 34.92 | 36.95 | 37.14 |
| Households: | 1,133 | 4,144 | 5,252 |
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