Retail Center For Sale

Shopping Center for Sale
Sale Pending/Contingent
Catylist Listing ID: 30393589
Property Subtypes: Strip Center
Status: Pending/Contingent
Building Size (RSF): 7,771 SF
Gross Land Area: 1.40 Acres
Sale Price: $1,699,000
Unit Price: $218.63 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Dillard Loop Shopping Center
Usable Size (USF): 7,771 SF
Sale Terms: Cash to Seller
Cap Rate: 6.8%
Average Occupancy Rate: 100
Last Updated: 9/16/2021

Overview / Comments

Phase I was completed in 2018 with 7,771 sf and is fully leased. Building plans, building pad, parking and landscaping are in place for Phase II, which will have drive thru capabilities. Total square footage of both Phases will be 12,849 square feet. Ideal location within the Lake Charles Power Centre with great visibility and access.

Attachments & Media

Current Tenants

Tenant Business Name DDS Dentures
Is Renting? Yes
Suite Number A
SF of Space Occupied 4,515 SF
Lease Expiration 6/0022
Options Tenant already exercised 1st. option expires May 31, 2027 with 1 remaining 5 year option
Tenant Business Name MaxLiving Chiropractor
Is Renting? Yes
Suite Number C
SF of Space Occupied 1,856 SF
Lease Expiration 2/0028
Escalations yes
Options 2 five year options
Tenant Business Name All Best Services
Is Renting? Yes
Suite Number B
SF of Space Occupied 1,400 SF
Lease Expiration 11/2022
Escalations yes
Options 1 two year options to renew remains with escalations. Tenant has exercised the first option for one(1) year.

Additional Details

Nearest MSA: Lake Charles
County: Calcasieu
Tax ID/APN: 01191748A
Retail Clientele: General
Property Located Between: I-210 and McNeese Street
Property Visibility: Good
Largest Nearby Street: LA Hwy 14
Feet of Frontage: 295
Traffic/Vehicle Count: 28,845
Site Description: Surrounded by major retailers such as Lowe's Home Center, Academy Sports, Michael's Arts & Crafts, Outback Steakhouse, El Paso Mexican Restaurant and many more (more listed in attached site information package)
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2018
Construction/Siding: Metal/Glass
Exterior Description: Metal Building with stucco, glass and window awnings.
Parking Type: Surface
Parking Description: Asphalt
Total Parking Spaces: 67
Heat Type: Electricity
Part of Planned Development?: Yes
Lot Frontage: 295
Lot Depth: 208
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,110 52,980 90,523
Median Age: 33.23 34.95 36.49
Households: 3,530 20,825 35,802

Contact

Photograph of Listing Agent

Derek Dev L Robin

Derek Development Corp. Sunset, LA 70584
LACDB Member
Photograph of Listing Agent

Stacie Sibille

Robins Real Estate Sunset, LA 70584
LACDB Member
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