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): 25,500 SF
Gross Land Area: 3.37 Acres
Sale Price: $6,910,500
Unit Price: $271 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: 9/13/2018

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.

Attachments & Media

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

Contact

Photograph of Listing Agent

Jett Dueitt

Lafayette, LA
LACDB Member
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