308-348 Homer Rd - Retail FOR SALE


Minden, LA 71055
$3,700,000 USD
225-329-0269
308-348 Homer Rd, Minden, LA for Sale
$3,700,000 USD
Retail - FOR SALE
1/7
null | 9% Cap Rate

308-348 Homer Rd
Minden, LA 71055


HIGHLIGHTS

  • Currently 59% occupied, with a mix of triple-net and gross leases
  • Value-add potential in leasing vacancies and converting leases to triple-net
  • Traffic Counts in front of the center are approximately 10,920 vehicles per day
  • Anchored by Dollar General for over 20 years.
  • Attractive pricing well below replacement costs.
  • Situated in a strong retail corridor, surrounded by other national tenants, including McDonald's, Brookshire's, Walmart, Tractor Supply Co., CATO,

OVERVIEW

Stirling Investment Advisors presents a value-add investment opportunity in Minden, Louisiana. Park City Shopping Center is a 66,684-square-foot multi-tenant retail center. Currently 59% occupied, this center offers substantial upside potential through increased occupancy. Anchored by a top-performing Dollar General, the tenant roster includes a complementary blend of national, regional, and local service providers such as Advance America, Minden Medical Center, and H&R Block. Constructed in 1985, the property is situated on 4.91 acres, featuring paved parking and high visibility from a pylon sign.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$58 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park City Shopping Center

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

242

LAND DETAILS

LAND ACRES

4 AC

LAND SF

174,240 SF

ZONING

Commercial

APN/PARCEL ID

114479

ASK ABOUT THIS PROPERTY

Justin LangloisStirling PropertiesMore Info
225-329-0269

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

Justin LangloisStirling PropertiesMore Info
225-329-0269

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