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Skechers & Squires Formalwear 4301 Pecanland Mall Dr 9,372 SF 100% Leased Retail Building Monroe, LA 71203 $3,662,489 CAD ($390.79 CAD/SF) 7.55% Cap Rate
Investment Highlights
- Outparcel to the 250,000 SF Pecanland Commons anchored by Target and Ross (2.3M visits)
- Adjacent to the regional 964,123 SF Pecanland Mall, the only regional mall within 90 miles of Monroe, LA
- Minutes to University of Louisiana at Monroe (9,200+ students) and Louisiana Delta Community College (3,800+ students)
- Retail tenants in the immediate area include Home Depot, Target, Belk, Dillard’s, Dick’s, Kohl’s, Michaels, TJ Maxx, Best Buy, Sam's Club and Lowe's
- Strong access, connectivity and visibility along Interstate 20 (62,000+ VPD)
- Situated in the heart of a hyper-dense retail district with immediate access to I-20
Executive Summary
This two-tenant Skechers & Squires Formalwear boasts a prime location within Monroe’s thriving 43M SF commercial and retail district. The Property is situated on an outparcel to Pecanland Commons (Target & Ross anchored center), immediately adjacent to Home Depot, Kohl’s, Michaels, Best Buy, TJ Maxx, Ulta and the 964,000 SF regional Pecanland Mall. Offering strong access and exposure to I-20, the Property is perfectly positioned within a dense retail environment. With close proximity to the University of Louisiana at Monroe (9,200+ students) and Louisiana Delta Community College (3,800+ students), this ideal tenant mix bodes well to the surrounding community.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,372 SF
Building Class
B
Year Built
2004
Price
$3,662,489 CAD
Price Per SF
$390.79 CAD
Cap Rate
7.55%
NOI
$276,612 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
0.99 AC
Opportunity Zone
Yes
Zoning
B3 - General Buisness / Commercial District
Parking
55 Spaces (5.87 Spaces per 1,000 SF Leased)
Frontage
233’ on Pecanland Mall Drive
Amenities
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 114207 | Improvements Assessment | $166,002 CAD |
| Land Assessment | $41,202 CAD | Total Assessment | $207,205 CAD |
Property Taxes
Parcel Number
114207
Land Assessment
$41,202 CAD
Improvements Assessment
$166,002 CAD
Total Assessment
$207,205 CAD
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Skechers & Squires Formalwear | 4301 Pecanland Mall Dr
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