Park Terrace Shopping Center

Shopping Center for Sale
Catylist Listing ID: 30502388
Property Subtypes: Neighborhood Center, Net Leased
Building Size (RSF): 63,185 SF
Gross Building Area: See Agent
Gross Land Area: 6.49 Acres
Sale Price: $1,600,000
Unit Price: $25.32 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/11/2019

Overview / Comments

Park Terrace Shopping Center offers
a value-add investment opportunity
located at the center of the Deridder, LA
retail corridor in Beauregard Parish.
Current shopping center tenancy
include Affordable Home Furnishings,
Dollar General and Davis Ice House. This
center also includes a 34,500 square foot
vacancy which was formerly a Burke’s
Outlet. This vacant box can either be
redeveloped or leased up to create
added value for potential investors.
Adjacent co-tenancy includes First
National Bank, Deridder Urgent Care,
Burkes Outlet, Save A Lot, Hibbett, Stage,
Ollies, and several other regional &
national brands. Ollie’s and Burke’s Outlet
are brand new, long term deals that will
help drive traffic to this trade area.

Current Tenants

Tenant Business Name Affordable Rent to Own
Is Renting? Yes
SF of Space Occupied 15,922 SF
Current Rent $59,700 PSF (Annual)
Tenant Business Name Dollar General
Is Renting? Yes
SF of Space Occupied 12,672 SF
Current Rent $57,024 PSF (Annual)
Tenant Business Name Davis Ice House
Is Renting? Yes

Additional Details

Nearest MSA: DeRidder
County: Beauregard
Tax ID/APN: 0336468500

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,427 12,745 17,087
Median Age: 36.4 37.11 36.14
Households: 1,366 4,981 6,578

Contact

Photograph of Listing Agent

Seth Citron

Stirling Properties Lafayette Lafayette, LA 70508-3719
The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.