58630 Belleview Dr - Freestanding FOR SALE


Plaquemine, LA 70764- Iberville Parish
$2,250,000 USD
225-328-1778
58630 Belleview Dr, Plaquemine, LA for Sale
$2,250,000 USD
Freestanding - FOR SALE
1/56
null | 8.57% Cap Rate

58630 Belleview Dr
Plaquemine, LA 70764
Iberville Parish


HIGHLIGHTS

  • Excellent Location
  • High Visibility
  • 100% Occupied

OVERVIEW

Overview Prime Investment Opportunity: The Plaquemine Center Discover a Fully Leased Retail Gem in Thriving Plaquemine, Louisiana Nestled along the bustling north side of Belleview Road in the heart of Iberville Parish, The Plaquemine Center offers a rare chance to own a high-performing, income-generating shopping center in a stable and growing community. This 17,600± square foot, Class S steel-frame property, built in 2007 and maintained in excellent condition, boasts a modern design with central HVAC, ample parking (66 spaces), and full ADA compliance. With an effective age of just 15 years, this center is primed for long-term value appreciation. Strategic Location with Strong Growth Potential Located at 58630 Belleview Road, Plaquemine, LA 70764, the property sits on a generous 3.914± acre (170,495± sq ft) rectangular site with 260 feet of prime frontage. Zoned C-6 for commercial use, it’s ideally positioned in a rural-yet-accessible neighborhood that’s evolving with new residential subdivisions and major industrial developments, including the upcoming Formosa Plastics plant as well as Shintech and Dow Chemical, which promises thousands of jobs and economic boost. Proximity to essential amenities like schools, churches, shopping, and healthcare, combined with easy access to Baton Rouge (just 15 miles away), ensures steady foot traffic and tenant stability. The corridor along Belleview Road features well-maintained commercial properties and is expected to remain stable with positive income and population trends. 100% Occupancy with Reliable National and Local Tenants This turnkey investment is fully leased to three established tenants under triple-net (NNN) leases, minimizing owner responsibilities and maximizing cash flow: • Snap Fitness (End Cap, 6,240 sq ft): $78,000/year ($12.50/sq ft), lease through April 2029. • Buy Wise Home Furnishings (Inline, 4,960 sq ft): $54,000/year ($10.89/sq ft), lease through June 2027. • O’Reilly Auto Parts (End Cap, 6,400 sq ft): $60,840/year ($9.51/sq ft), lease through August 2032. Total annual gross income: $192,840 ($10.96/sq ft average). Tenants handle utilities, janitorial, and pro-rata shares of taxes, insurance, and common area maintenance, leaving the owner focused on structural upkeep and management. With a projected net operating income (NOI) of approximately $157,731 in Year 1 and low stabilized vacancy expectations (around 7%), this property delivers consistent returns for passive investors. Expansion Upside with Surplus Land Adding to its appeal, the site includes 2.316± acres (100,895± sq ft) of surplus land valued at around +/-$250,000—perfect for future development, such as self-storage, small service bay industrial warehousing, or multi-family, additional parking, or complementary Phase 2 retail expansions. The land-to-building ratio of 9.687:1 provides flexibility without compromising current operations. Proven Value and Financial Strength Highest and best use confirmed as a multi-tenant shopping center, making it an ideal fit for 1031 exchanges, portfolio additions, or first-time commercial investors. Don’t miss this opportunity to secure a low-maintenance, high-yield asset in a community on the rise. Contact us today for more details, financials, or to schedule a viewing! Offering Memorandum: The Plaquemine Center Prime Retail Investment Opportunity in Plaquemine, Louisiana Property Overview Address: 58630 Belleview Road, Plaquemine, LA 70764 Legal Description: Tract B of the Belleview Farm Subdivision, Section 17, T-9-S, R-12-E, Iberville Parish, LA Size: 17,600± sq ft shopping center on 3.914± acres (170,495± sq ft) Year Built: 2007 Construction: Class S steel frame Parking: 66 spaces Location Highlights Situated along the north side of Belleview Road Zoned C-6 (Commercial) Proximity to Baton Rouge (15 miles), schools, churches, shopping, and healthcare Near upcoming Formosa Plastics plant, Shintech and Dow Chemical promising economic growth and jobs Stable neighborhood with positive income and population trends Tenant Profile 100% occupied with triple-net (NNN) leases Tenants: Snap Fitness (6,240 sq ft, End Cap): $78,000/year ($12.50/sq ft), lease through April 2029 BuyWise Home Furnishings (4,960 sq ft, Inline): $54,000/year ($10.89/sq ft), lease through June 2027 O’Reilly Auto Parts (6,400 sq ft, End Cap): $60,840/year ($9.51/sq ft), lease through August 2032. Recently renewed. Total Annual Income: $192,840 ($10.96/sq ft average) Tenants cover utilities, janitorial, and pro-rata shares of taxes, insurance, and CAM Investment Upside 2.316± acres of surplus land valued at +/-$250,000 for future development or expansion Ideal for 1031 exchanges, portfolio diversification, or first-time commercial investors Low-maintenance, high-yield asset with proven tenant stability Contact Us Today Secure this turnkey retail investment in a growing market. For more information, financials, or to schedule a tour, reach out now!

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$127 USD /SF

CAP RATE

8.57%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Plaquemine Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

66

LAND DETAILS

LAND ACRES

3.19 AC

LAND SF

138,956 SF

ZONING

C6

APN/PARCEL ID

02-10308472

ASK ABOUT THIS PROPERTY

Carmen Austin MBA, CCIM, SIORSaurage Rotenberg Commercial Real EstateMore Info
225-328-1778

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Carmen Austin MBA, CCIM, SIORSaurage Rotenberg Commercial Real EstateMore Info
225-328-1778

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