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1125 Victor Boulevard II - AT&T Corporate Lease, Morgan City, LA

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1125 Victor Boulevard II - AT&T Corporate Lease

Morgan City, LA 70380


Property Type:Retail Sub Type:- Status:Existing Year Built:2016
Building Size:4,821 SF Land Area:1.16 AC (50,530 SF)
For Sale Price:$2,726,000 Price/SF:$565.44
Cap Rate:6.50 %



Sale Notes:
We are pleased to offer an AT&T corporate leased investment located in Morgan City, Louisiana. There are 10% rental increases every five year, providing a hedge against inflation. The property is strategically located in a major retail trade area and outparcel to Walmart Neighborhood Market (Walmart owned).

The property is located on Victor II Boulevard, which provides access to U.S. Highway 90, the region' s major transportation corridor, with a traffic count of 31,641 vehicles per day. The property is outparcel to, and shares cross-access with, Walmart Neighborhood Market. The property is centrally located in Morgan City' s retail area and is surrounded by a number of notable tenants. National retailers near the property include Rite Aid, Sonic Drive-In, Walgreens, Dollar General, Pizza Hut, Rouses, AutoZone, Taco Bell, CVS, and many others. Major schools and employers are also located near the property. Morgan City Junior High, which has a total enrollment of more than 560 students, is adjacent to the property, as is Teche Regional Medical Center. Teche Regional Medical Center is a 167-bed hospital that employs 300 staff members and has an annual economic impact of $5.2 million. The property is also close to Morgan City' s industrial region, which houses the operations of several major employers, including Oceaneering International, which employs 1,200 people in the Acadiana region.

Cushman & Wakefield
Vincent Aicale
(415) 694-6478

  
Cushman & Wakefield
Ryan Forsyth
(916) 320-2541




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