NEW SHOPPING CENTER FOR SALE

Shopping Center for Sale
Catylist Listing ID: 30288536
Property Subtypes: Community Center, Mixed Use, Net Leased, Strip Center
Building Status: Under Construction
Building Size (RSF): 9,879 SF
Sale Price: $2,150,000
Unit Price: $217.63 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Live Oak Centre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/12/2018

Overview / Comments

This is a brand new upscale center located at Highway 61 and Live Oak Centre Drive as you enter the city of St. Francisville at a signalized corner. The shell building is complete as well as all of the site work. This area of St. Francisville is rapidly growing with a new Best Western Hotel directly across the street and the new Audubon Market a block away. The new West St. Felicians Hospital opened this year within 1 mile. The Center is off to a great start and already has two national credit tenants, Pizza Hut and A T & T. If you are looking for an investment property or a center to owner occupy this could be the right place for you.

Current Tenants

Tenant Business Name Live Mobil, LLC d/b/a A T & T
Industry Type Retail Trade
Is Renting? Yes
Annual Revenue $34,515 (Annual)
Suite Number A
SF of Space Occupied 2,015 SF
Lease Expiration 1/0031
Options (2) 5 year options with 10% increase upon each option executed. Tenant is required to give 120 day notice for renewal
Tenant Business Name Pizza Hut
Is Renting? Yes
SF of Space Occupied 1,171 SF
Current Rent $15,223 PSF (Annual)
Lease Expiration 5/0031
Options 2 - 5 year options
Tenant Notes Tenant pays triple net fees = to $2.75 psf

Additional Details

Nearest MSA: Baton Rouge
County: West Feliciana
Submarket/Township: 94
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: HIGHWAY 61 AND LIVE OAK CENTRE DRIVE
Property Visibility: Excellent
Largest Nearby Street: Highway 61
Highway Access: Highway access at a signalized corner of Live Oak Centre and Highway 61
Site Description: Located at the corner of Highway 61 and Live Oak Centre Drive as you enter the town of St. Francisville. This new construction has great visibility.
Area Description: Property is located on the main highway that travels through St. Francisville surrounded by upscale neighborhoods. The area is famous for its plantation homes and golf courses.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2017
Roof Type: Arched
Construction/Siding: Brick
Exterior Description: Exterior is brick and stucco with individual glass storefronts. There is a porte cochere on the left end of the building which allows for a covered drive up. The end cap unit and the one directly next to it are both 70 feet deep. The rest of the suites are 65 feet deep. There is access to the drive up through the rear driveway.
Parking Type: Surface
Parking Description: Concrete parking lot
Sprinklers: None
Interior Description: There are no demising walls or slabs in the remaining units so each tenants individual needs can be accommodated.
Zoning Description: Commercial
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Yes

Demographic Statistics

Proximity: 5 miles
Total Population: 4,932
Median Age: 39.8
Households: 1,771

Contact

Photograph of Listing Agent

Terrie Hughes

Gulf States Real Estate Services,LLC
Covington, LA
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.