2031 E Madison Ave - Retail FOR SALE


Bastrop, LA 71220
$4,250,000 USD
504-274-2701
2031 E Madison Ave, Bastrop, LA for Sale
$4,250,000 USD
Retail - FOR SALE
1/5
null | 9.42% Cap Rate

2031 E Madison Ave
Bastrop, LA 71220


HIGHLIGHTS

  • Developable excess land included.

OVERVIEW

The Madison Plaza Shopping Center is a 115,203 square foot retail center situated along Madison Avenue in the heart of Bastrop. Madison Plaza is located along one of the busiest roadways in the city with the property boasting 538 feet of frontage along E. Madison Avenue. 84.1% occupancy - 65% national credit tenants National credit tenants include Dollar General, Citi Trends, Hibbett Sports, Harbor Freight Tools, U.S. Agencies and Affordable Home Furnishings. Dollar General set to commence new 10-year lease term Developable excess land included

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$37 USD /SF

CAP RATE

9.42%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Madison Plaza Shopping Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

426

LAND DETAILS

LAND ACRES

14.39 AC

LAND SF

626,827 SF

ZONING

-

APN/PARCEL ID

200189700,200509285

ASK ABOUT THIS PROPERTY

Louis Lebourgeois IVThe McEnery CompanyMore Info
504-274-2701

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Louis Lebourgeois IVThe McEnery CompanyMore Info
504-274-2701

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.