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: 11/23/2022

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

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

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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

Contact

Photograph of Listing Agent

Justin P Langlois

Stirling Properties Baton Rouge Baton Rouge, LA 70809
LACDB Member
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