3504 Jackson Street Ext - Storefront FOR SALE


Alexandria, LA 71303
$2,356,000 USD
303-884-6659
3504 Jackson Street Ext, Alexandria, LA for Sale
$2,356,000 USD
Storefront - FOR SALE
1/5
null | 8% Cap Rate

3504 Jackson Street Ext
Alexandria, LA 71303


HIGHLIGHTS

  • National Tenants | NNN Leases | Internet Resistant Tenant Lineup
  • Dense Retail Corridor | Alexandria Mall (1M Square Feet)
  • Strong Demographics in 5-Mile Trade Area | Healthy Incomes

OVERVIEW

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding, two-tenant strip investment property located in Alexandria, Louisiana. The tenant lineup is comprised of two nationally recognized retailers, Verizon (NYSE: VZ S&P BBB+) and Mattress Firm (S&P BB). Verizon’s current lease is in place until 2028 with an additional 5-year option to renew. Mattress Firm has continued to show significant growth, becoming a $500m company and was recently acquired by its parent Somingroup International. The Mattress Firm lease in place at the subject property extends to 2027 and the tenant currently has two 5-year renewal options, demonstrating long term tenant stability at the property. Both leases are NNN in nature and limit expense slippage and responsibilities of the landlord with both tenants reimbursing their pro rata share of CAM, Taxes, and Insurance.

FOR SALE DETAILS

PRICE

$2,356,000 USD

PRICE/SF

$368 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Verizon and Mattress Firm

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

C-2

APN/PARCEL ID

24-031-32001-0004

ASK ABOUT THIS PROPERTY

Steven RobertsSRS Real Estate PartnersMore Info
303-884-6659

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Steven RobertsSRS Real Estate PartnersMore Info
303-884-6659

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