929 3rd Ave - Supermarket FOR SALE
Lake Charles, LA 70601 |
$3,200,000 USD
512-359-9190
929 3rd Ave
Lake Charles, LA 70601
HIGHLIGHTS
- Anchored By Market Basket Since 1963 - a Strong Regional Grocer With 45 Locations
- Market Basket Has Shown Incredible Commitment to the Site, Having Occupied the Property For Over 60 Years
- National Tenant Mix - Family Dollar, Dollar Tree and Newly Signed Hibbett Sports
- Low Price Per/SF Acquisition Opportunity - $48.75/SF
- Strong Secondary Market Demographics: 51K Residents in a 3- Mile Radius
- Property Has Been Professionally Managed With Very Little Deferred Maintenance - Ownership Recently Spent Over $150K on Upgrades to the Center
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 65,636 SF East Town Shopping Center Located at 929 3rd Avenue in Lake Charles, LA. This Deal is Anchored By Market Basket Since 1963 - a Strong Regional Grocer With 65 Locations and This Deal Has National Tenant Mix - Family Dollar, Dollar Tree, Newly Signed Hibbett Sports and Newly Signed Lease With 50-Unit Regional Operator, Simply 10.
In Cooperation With Sands Investment Group Louisiana, LLC - Lic. #BROK.0995702111-CORP BoR: Andrew Ackerman - Lic. LA #BROK.0995700567-ACT
FOR SALE DETAILS
PRICE
$3,200,000 USD
PRICE/SF
$49 USD /SF
CAP RATE
8.76%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
East Town Shopping Center - Lake Charles, LA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
ADD'L SUBTYPES
Storefront, Storefront Retail/Office, Department Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
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512-359-9190
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512-359-9190
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