PetSense - NNN Leased Investment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30180317
Property Subtypes: Free-Standing Building, Retail-Pad, Street Retail, Other
Building Size (RSF): 5,625 SF
Gross Building Area: See Agent
Gross Land Area: 0.89 Acres
Sale Price: $1,093,750
Unit Price: $194.44 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/22/2018

Overview / Comments

Single-tenant NNN leased retail center currently being operated as a PetSense. The subject property is located on the busy Veterans Memorial Dr. in Abbeville, LA with close proximity to Wal-Mart Supercenter, Lowe's Home Improvement, Abbeville General Hospital, and Abbeville Memorial Airport.

This income-producing commercial investment consists of 5,625 SF of free standing retail and is adjacent to Lauren Parc Shopping Center, an eleven-suite retail strip. Tenants in Lauren Parc include Affordable Home Furnishings, Hibbett Sports, Dollar Tree, Anytime Fitness, and Papa John's, AT&T, Hulin Health, Precision Rehab, and Tokyo Japan.

Currently leased to PetSense, 10 year NNN lease with a 10% escalation in year 6
Ample parking
Adjacent to Lauren Parc Shopping Center and Wal-Mart Supercenter

Contact agent for more information.

Additional Details

Nearest MSA: Lafayette
County: Vermilion
Property Visibility: Excellent
Traffic/Vehicle Count: 18,400
Property Condition: Excellent
Year Built: 2017
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 13,807 24,105
Median Age: 35.07 35.81
Households: 5,243 9,164

Contact

Photograph of Listing Agent

Andrew Kimble

Beau Box Commercial Real Estate Baton Rouge, LA 70808
LACDB Member
Photograph of Listing Agent

Brent Struthers

Beau Box Commercial Real Estate Baton Rouge, LA 70808
LACDB Member
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