3015 Veterans Memorial Dr - Retail FOR SALE


Abbeville, LA 70510
$4,340,000 USD
770-329-9330
3015 Veterans Memorial Dr, Abbeville, LA for Sale
$4,340,000 USD
Retail - FOR SALE
1/13
null | 7.5% Cap Rate

3015 Veterans Memorial Dr
Abbeville, LA 70510


OVERVIEW

The Dowd Companies is pleased to offer for sale the fee simple interest (land & building) in Lauren Parc, a Wal-Mart Supercenter shadow anchored multi-tenant strip center which is located on a major commercial corridor in Abbeville, Louisiana. The Center was completed in two phases in 2014 and 2015 and has 10 tenants: Dollar Tree, Hibbett Sports, Factory Connection, Anytime Fitness, Hulin Health, Precision Rehab, Tokyo Sushi and AT&T. The leases feature favorable rental increases which generate steady NOI growth and hedge against inflation. The center is located in a thriving commercial corridor along Veterans Memorial Drive (18,373 VPD) with pylon signage. Additionally, the site benefits from over 54,883 residents with an average household income of approximately $86,006 and over 13,253 daytime employees within 5 miles of the subject property. In addition to increasing rental income, there is the ability to develop the additional included 23,960 square foot outparcel.

FOR SALE DETAILS

PRICE

$4,340,000 USD

PRICE/SF

$109 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lauren Park

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

128

LAND DETAILS

LAND ACRES

58.1 AC

LAND SF

2,530,784 SF

ZONING

-

APN/PARCEL ID

RA597300F

ASK ABOUT THIS PROPERTY

Theresa JohnsonThe Dowd CompaniesMore Info
770-329-9330

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Theresa JohnsonThe Dowd CompaniesMore Info
770-329-9330

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