4301 Pecanland Mall Dr - Freestanding FOR SALE


Monroe, LA 71203
$2,775,000 USD
480-221-4221
4301 Pecanland Mall Dr, Monroe, LA for Sale
$2,775,000 USD
Freestanding - FOR SALE
1/9
null | 6.5% Cap Rate

4301 Pecanland Mall Dr
Monroe, LA 71203


HIGHLIGHTS

  • Strong Tenant Lineup | 100% Occupied | NNN Leases
  • Interstate 20 (60,500 VPD) | Highway 165 (41,600 VPD) | Louisiana Delta Community College (2,600 Students)
  • Pecanland Commons (125,000 SF) | Pecanland Plaza (111,801 SF) | Pecanland Mall (964,123 SF)
  • Dense Retail Corridor | Strong National/Credit Tenants |
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 100% occupied, NNN leased, two-tenant retail investment property in Monroe, Louisiana. The property is divided into two suites with Skechers occupying 8,072 SF and Squires utilizing the remaining 1,300 SF. The offering consists of a strong tenant lineup, creating a stabilized, income stream for a new investor. Skechers has approximately 7 years remaining on its lease, and Squires has approximately 3 years remaining. Both tenants operate under leases which are NNN in nature, limiting expense leakage for a future investor.

FOR SALE DETAILS

PRICE

$2,775,000 USD

PRICE/SF

$298 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Skechers Pad to Target | NNN Leases

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

B3

APN/PARCEL ID

114207

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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