8950 US-165 - Storefront Retail/Office FOR SALE


Sterlington, LA 71280
$3,573,703 USD
949-903-3399
8950 US-165, Sterlington, LA for Sale
$3,573,703 USD
Storefront Retail/Office - FOR SALE
1/5
null | 7.21% Cap Rate

8950 US-165
Sterlington, LA 71280


HIGHLIGHTS

  • Fully-Stabilized 5-Tenant Retail Asset – Sterlington, LA – Transferable Roof Warranty (12 Yrs Remaining)
  • 4 of 5 Tenants Subject to Net Leases – Annual Rent Increases – Multiple Option Periods
  • Personal Guarantees on all Leases – Limited Landlord Responsibilities
  • Strategically Positioned on US-165 (21,550 VPD) – Surrounded by the City’s Three Public Schools
  • Under Market Rents for Upside Potential - Synergistic Mix with Staggered Timeline of Rent Bumps
  • Demographics - 5 Mile Population over 10,400 - Average Household Income Exceeding $130,000+ within 3 Miles

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an opportunity to acquire a fully-leased five-tenant retail asset anchored by Family Dollar and Anytime Fitness. Located in Sterlington, LA, the plaza has a mixed tenant base which provides excellent crossover store exposure. The tenants include Family Dollar (over 7,300 locations across the US, NASDAQ: DLTR), Anytime Fitness (over 2,300 gyms nationally), The Gonzalez Mexican Restaurant (5 locations across Louisiana), Dr. Coughran MD (full-service medical clinic), and Eskamoe’s Frozen Custard (4 locations across Louisiana). With nearly all the tenants subject to net leases with options to renew, this property is ideal for investors looking for present and future passive cash flow. The 20,860 SF building (aggregate SF) is situated on a 1.86 acre parcel near the signalized intersection of US-165 (21,550 VPD) and LA-134. It is surrounded by the city’s three public schools (Sterlington Elementary, Middle, and High School), acting as an important central retail hub for local families. It is also located less than .64 mi from the $32M, 18-acre development Gardens at Somerset, a multigenerational living community that was completed in 2021. This is an excellent opportunity to own a fully-stabilized, multi-tenant retail asset. With limited landlord responsibilities and nationally-regognized tenants, this property is poised to provide stable and worry-free income for years to come.

FOR SALE DETAILS

PRICE

$3,573,703 USD

PRICE/SF

$171 USD /SF

CAP RATE

7.21%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hickory Ridge Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.86 AC

LAND SF

81,022 SF

ZONING

Commercial

APN/PARCEL ID

6767

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

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