1403-1415 The Blvd - Supermarket FOR SALE


Rayne, LA 70578
$3,800,000 USD
818-281-7893
1403-1415 The Blvd, Rayne, LA for Sale
$3,800,000 USD
Supermarket - FOR SALE
1/9
null | 7.17% Cap Rate

1403-1415 The Blvd
Rayne, LA 70578


HIGHLIGHTS

  • Successful Grocery Anchored Neighborhood Shopping Center - 40+ Grocer Operating History (Formerly Winn Dixie) with 70% National Tenants
  • Near 100% leased center with Stable Cash Flow stream and long term upside potential
  • Extremely Low Price Per Foot, and low rents combined with stable cash flow.
  • Strong Retail Location, directly off Interstate 10 with excellent access & visibility.
  • Situated between large retail corridors servicing the local community - Creating top tier customer draw and strong tenant synergy.
  • New Waffle House Location (NAP) coming soon located within center adjacent to Super 1 Foods.

OVERVIEW

• 1% Rent to Sales Ratio / Successful Grocery Anchored Neighborhood Shopping Center - 40+ Grocer Operating History (Formerly Winn Dixie) with very strong reported sales (contact agent for details) and a very low rent to sales ratio. • 70% National Tenants including corporate lease with Berkshire’s Grocery (dba Super 1), Ace Hardware, Anytime Fitness, H&R Block, Edward Jones.  • Near 100% leased center with Stable Cash Flow stream and long term upside potential.  • Extremely Low Price Per Foot, and low rents combined with stable cash flow.  • Strong Retail Location, directly off Interstate 10 with excellent access & visibility. Situated between large retail corridors servicing the local community - Creating top tier customer draw and strong tenant synergy.  • Outstanding freeway access - The Subject Property is located within a mile from Interstate 10 On-Ramps and Off-Ramps.  • Strong Daily Needs Area - Subject Property features Super 1 Grocery Store, Ace Hardware, Anytime Fitness & Daily Needs Tenants.  • New Waffle House Location (NAP) coming soon located within center adjacent to Super 1 Foods.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$48 USD /SF

CAP RATE

7.17%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brookshire's (1% Rent-To-Sales) Anchor Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

285

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

C-3

APN/PARCEL ID

0170214600

ASK ABOUT THIS PROPERTY

Nick D'ArgenzioBlvd Real Estate Investment Co.More Info
818-281-7893

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Nick D'ArgenzioBlvd Real Estate Investment Co.More Info
818-281-7893

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.