Shopping Center For Sale
Shopping Center
for Sale
Catylist Listing ID: |
30229746 |
Property Subtypes: |
Community Center, Neighborhood Center, Net Leased, Strip Center
|
Building Size (RSF): |
25,750 SF
|
Gross Land Area: |
3.37 Acres
|
Sale Price: |
$7,283,000 |
Unit Price: |
$282.83 PSF |
Property Use Type: |
Net Leased Investment (NNN), Investment |
Building Name: |
Southern Plaza Shopping Center |
Sale Terms: |
Cash to Seller |
Cap Rate: |
7.55% |
Average Occupancy Rate: |
91 |
Last Updated: |
3/19/2018 |
Overview / Comments
Various Leases on longer terms and attractive escalators provide steady and stable rental increases. Property sits on a hard corner. Shop Rite will be putting a gas station and convenience store on the corner some time in 2018. First class strip center offers a new construction opportunity that is de-risked for an opportunistic investor. Contact Listing Agent for Lease Abstract details and for more information on the property.
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Additional Details
Nearest MSA: |
Lafayette |
County: |
Lafayette |
Submarket/Township: |
K |
Tax ID/APN: |
6153943 |
Retail Clientele: |
General, Family |
Property Visibility: |
Excellent |
Largest Nearby Street: |
Johnston St |
Feet of Frontage: |
550 |
Traffic/Vehicle Count: |
30,500 |
Total Number of Buildings: |
3 |
Number of Stories: |
1 |
Property Condition: |
Excellent |
Year Built: |
2015 |
Year Renovated: |
2015 |
Construction/Siding: |
Stucco |
Demographic Statistics
Proximity: |
1 mile |
3 miles |
5 miles |
Total Population: |
5,222 |
38,357 |
112,937 |
Median Age: |
35.52 |
35.6 |
34.22 |
Households: |
1,839 |
14,866 |
45,490 |
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