37200 Highway 3089 Hwy - Freestanding FOR SALE


Donaldsonville, LA 70346
$3,200,000 USD
225-802-2932
37200 Highway 3089 Hwy, Donaldsonville, LA for Sale
$3,200,000 USD
Freestanding - FOR SALE
1/11
null | 8.65% Cap Rate

37200 Highway 3089 Hwy
Donaldsonville, LA 70346


HIGHLIGHTS

  • 100% Occupied Shopping Center For Sale
  • Walmart Shadow Center
  • Cross Access with Walmart

OVERVIEW

100% occupied Walmart shadow center in Donaldsonville, LA. Majority of square footage is leased by national brand tenants with corporate backed leases including Enterprise Car Rental, H&R Block, Hibbett Sports, T-Mobile, Dollar Tree, It's Fashion and AT&T, among others. Currently operating with an NOI of $276,822. Sales price represents an 8.7% CAP rate. Many leases are NNN with tenants responsible for their prorated shared of taxes, insurance, and common area maintenance. Property does have cross access with Walmart. Eagle Plaza Shopping Center • Walmart Shadow Center • Located in Donaldsonville, LA • 29,610 SF Building • 2.958 Acres (128,850 SF) • 9 Units (100% Occupied) • NOI: $276,822 • Cap Rate: 8.7% • 162 Parking Spaces (6 Handicap) • High Visibility • Zoned C2 • 1031 Exchange Possibility • Area Industries announce Local Expansions

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

8.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walmart Shadow Center For Sale

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

162

LAND DETAILS

LAND ACRES

2.96 AC

LAND SF

128,938 SF

ZONING

C2

APN/PARCEL ID

20020-866

ASK ABOUT THIS PROPERTY

Bill JeansonneSaurage Rotenberg Commercial Real EstateMore Info
225-802-2932

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Bill JeansonneSaurage Rotenberg Commercial Real EstateMore Info
225-802-2932

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