Gross SQFT
99,249
Year Built
1978/R2004
Occupancy
83.90%
Property Type
Shopping Centers
LEAD LISTING AGENT
Lee Cordova
Senior Associate
Email
[email protected]
License No.
714883 (TX)
Direct
+1 (214) 692-2191
Mobile
+1 (903) 316-9434
ADDITIONAL LISTING AGENT
DEBT FINANCING AGENT
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