Log In/Sign Up
Your email has been sent.
Park City Shopping Center 308-348 Homer Rd 63,681 SF 57% Leased Retail Building Minden, LA 71055 $5,040,140 CAD ($79.15 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 Under Contract
Sale Type
Investment NNN
Property Type
Building Size
63,681 SF
Building Class
B
Year Built
1985
Price
$5,040,140 CAD
Price Per SF
$79.15 CAD
Cap Rate
9%
NOI
$453,613 CAD
Percent Leased
57%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
4.00 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 | $377,793 CAD |
| Land Assessment | $29,968 CAD | Total Assessment | $407,761 CAD |
Property Taxes
Parcel Number
114479
Land Assessment
$29,968 CAD
Improvements Assessment
$377,793 CAD
Total Assessment
$407,761 CAD
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Park City Shopping Center | 308-348 Homer Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.