NNN Investment Opportunity For Sale

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30323052
Property Subtypes: Retail-Pad, Street Retail, Other
Status: Pending/Contingent
Building Size (RSF): 10,068 SF
Gross Land Area: 1.03 Acres
Sale Price: $2,400,000
Unit Price: $238.38 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Denham Springs Retail
Usable Size (USF): 10,068 SF
Sale Terms: Cash to Seller
Cap Rate: 7.41%
Last Updated: 2/14/2020

Overview / Comments

Investment retail strip center in an excellent location. Net Operating Income of $177,897.61.

Located in the Bass Pro Development off South Range Avenue (28K+ VPD) and less than half a mile south of Interstate 12 (74K+ VPD). With one vacancy remaining, this is a great opportunity for an investor looking for a value add investment property or an owner occupant looking for additional income.

Unit A-2 (1,462 SF Inline Suite) is vacant and available for lease ($20 PSF NNN).

Current Tenants

Tenant Business Name MOOYAH
Is Renting? Yes
Suite Number E
SF of Space Occupied 2,590 SF
Tenant Business Name Menchies
Is Renting? Yes
Suite Number D
SF of Space Occupied 1,703 SF
Tenant Business Name Chosen a Bridal Boutique
Is Renting? Yes
Suite Number C
SF of Space Occupied 1,200 SF
Tenant Business Name Wonder Cuts
Is Renting? Yes
Suite Number B
SF of Space Occupied 1,516 SF
Tenant Business Name Express Bowl
Is Renting? Yes
SF of Space Occupied 1,597 SF

Additional Details

Nearest MSA: Baton Rouge
County: Livingston
Submarket/Township: 83
Tax ID/APN: 0371138B
Zoning: C-3
Retail Clientele: General, Family, Business, Other
Property Located Between: I-12 & Hwy 1034 (Vincent Road)
Property Visibility: Excellent
Largest Nearby Street: S Range Avenue
Feet of Frontage: 277
Highway Access: Hwy 3002 (S Range Avenue) Hwy 1034 (Vincent Road) Hwy 1032 (4h Club Road)
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 10,068 SF
Property Condition: Excellent
Year Built: 2014
Roof Type: Flat
Total Parking Spaces: 59
Parking Type: Surface
Lot Frontage: 277.64
Lot Depth: 159.26
Water Service: Municipal
Sewer Type: Municipal
Legal Description: ---Tract C-4-A CONT 1.03 ACRES SEC 40-7-2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,782 25,653 108,835
Median Age: 38.54 34.13 35.14
Households: 1,804 9,695 41,154

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The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.