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.
|
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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