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Park City Shopping Center 308-348 Homer Rd 66,684 SF 59% Leased Retail Building Minden, LA 71055 $5,164,904 CAD ($77.45 CAD/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- Currently 59% occupied, with a mix of triple-net and gross leases
- Traffic Counts in front of the center are approximately 10,920 vehicles per day
- Attractive pricing well below replacement costs.
- Value-add potential in leasing vacancies and converting leases to triple-net
- Anchored by Dollar General for over 20 years.
- Situated in a strong retail corridor, surrounded by other national tenants, including McDonald's, Brookshire's, Walmart, Tractor Supply Co., CATO,
EXECUTIVE SUMMARY
Stirling Investment Advisors presents a value-add investment opportunity in Minden, Louisiana. Park City Shopping Center is a 66,684-square-foot multi-tenant retail center. Currently 59% occupied, this center offers substantial upside potential through increased occupancy. Anchored by a top-performing Dollar General, the tenant roster includes a complementary blend of national, regional, and local service providers such as Advance America, Minden Medical Center, and H&R Block. Constructed in 1985, the property is situated on 4.91 acres, featuring paved parking and high visibility from a pylon sign.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
66,684 SF
Building Class
B
Year Built
1985
Price
$5,164,904 CAD
Price Per SF
$77.45 CAD
Cap Rate
9%
NOI
$464,841 CAD
Percent Leased
59%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
4.91 AC
Zoning
Commercial
Parking
242 Spaces (3.63 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 114479 | Improvements Assessment | $387,144 CAD |
| Land Assessment | $30,710 CAD | Total Assessment | $417,855 CAD |
PROPERTY TAXES
Parcel Number
114479
Land Assessment
$30,710 CAD
Improvements Assessment
$387,144 CAD
Total Assessment
$417,855 CAD
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Park City Shopping Center | 308-348 Homer Rd
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