WESTPARK SHOPPING CENTER

820 E Admiral Doyle Dr, New Iberia, LA 70560
STARTING BID $2,000,000

Gross SQFT
99,249
Year Built
1978/R2004
Occupancy
83.90%
Property Type
Shopping Centers

BID DATES: OCTOBER 23rd-25th, 2023

INVESTMENT HIGHLIGHTS

  • Anchored by Office Depot, which reported 2022 revenues of $8.49 billion and is a publicly traded company (NASDAQ: ODP)
  • Other National tenants include Harbor Freight Tools ($5 billion revenue in 2021), Planet Fitness, and Cash America
  • Regional Draw with Limited Competition: Taco Bell and Advance Auto Parts Outparcels sits in the heart of the dominant retail corridor within the submarket. The New Iberia retail corridor serves as a regional draw to customers with the highly trafficked Rouses Market Center and Walmart Super Center being located less than 1 mile away from the Subject Property. In addition, there is minimal competition in the immediate surrounding communities with the nearest Office Depot, Harbor Freight Tools and Planet Fitness 20+ miles North in Lafayette.
  • Diverse Tenant Mix offering a range of services from health & fitness to financial services
  • Incredible retail synergy with nearby tenants such as Walmart, Goodwill, Hobby Lobby, Super 1 Foods, Rouses Market, Aspen Dental
  • Property includes 5,000 Sq Ft restaurant space outparceled to the center
  • Entire parking lot was repaved and restriped in 2022

Broker of Record

  • Donnie Jarreau
  • License No. BROK.995704351-CORP (LA)
  • (866) 889-0550
  • Jarreau Real Estate
  • 16173 Perkins Road Baton Rouge,
    LA 70810