Danville Plaza

Shopping Center for Sale
Sale Pending
Catylist Listing ID: 29852812
Property Subtypes: Community Center, Grocery-Anchored
Status: Pending
Building Size (RSF): 137,996 SF
Gross Building Area: See Agent
Sale Price: $7,395,000
Unit Price: $53.59 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 3/1/2018

Overview / Comments

Danville Plaza is a grocery anchored center located in Monroe's primary retail corridor, just minutes from the University of Louisiana at Monroe campus. The property is comprised of a large multi-tenant building, two improved freestanding buildings, and one vacant outparcel. The property offers multiple points of ingress and egress on three streets and has approximately 586 parking spaces including 18 handicap accessible spaces.

Monroe is the primary retail destination for all of Ouachita Parish and the rest of Northeast Louisiana. Danville Plaza is located in a premier position in Monroe's top shopping destination. Louisville Avenue is a major highway that runs through the heart of the most active commercial activity in the area. Other retailers in the immediate vicinity include Walmart, Planet Fitness, Anytime Fitness, Stein Mart, Raising Cane's, Whataburger, Walgreens and CVS Pharmacy. The area is also home to a number of brand new office parks.

Additional Details

Nearest MSA: Monroe
County: Ouachita
Zoning: B-3
Property Visibility: Excellent

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,034 49,844 93,290
Median Age: 37.71 34.33 34.22
Households: 4,163 20,160 36,922


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