Shopping Strip
Plaza 28
6501 Coliseum Blvd, Alexandria, LA 71303
Listing Price: $4,575,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a Walmart shadow-anchored, multi-tenant retail center located in Alexandria, Louisiana. The total square footage of the building is 41,923 square feet, of which 36,098 square feet is leasable area. The remaining 5,825 square feet is designated common areas, such as hallways and public restrooms. Storefronts and building entrances are located on all sides of the building. Plaza 28 is currently 100 percent leased with gross leases, providing significant upside potential by converting leases to triple-net. The tenant base is a complementary mix of internet-resistant and service-oriented businesses, including Anytime Fitness, Sport Clips, Happy Nails, Studio 28 Salon, Steps by Stephanie Dance Studio, Moe and Sam of Ball, Office of Senator John Kennedy, Specialty Infusions, CHRISTUS Health Central, Goodwill Industries, and Louisiana Home Care. The building was constructed in 1994 and is situated on 4.5 acres with paved parking on all sides of the building.
Plaza 28
Investment Highlights
- Walmart Shadow-Anchored, Multi-Tenant Retail Center
- 100% Leased | All Gross Leases | Significant Upside Potential by Converting All Leases to Triple-Net Leases
- 38% of the Gross Leasable Area is Leased to Medical Tenants | Majority of the Leases have Personal Guarantees
- Building Features Storefronts, Building Entrances and Parking Spaces on All Sides | Situated on 4.5 Acres | Large Pylon Signage at the Entrance Provides Additional Exposure to the Center
- Located on Coliseum Boulevard (Leesville Highway), One of the City's Major East/West Thoroughfares | Cumulative Traffic Counts are Approximately 52,196 Vehicles Per Day
Exclusively Listed By
Listing Price: $4,575,000
Investment Highlights
- Walmart Shadow-Anchored, Multi-Tenant Retail Center
- 100% Leased | All Gross Leases | Significant Upside Potential by Converting All Leases to Triple-Net Leases
- 38% of the Gross Leasable Area is Leased to Medical Tenants | Majority of the Leases have Personal Guarantees
- Building Features Storefronts, Building Entrances and Parking Spaces on All Sides | Situated on 4.5 Acres | Large Pylon Signage at the Entrance Provides Additional Exposure to the Center
- Located on Coliseum Boulevard (Leesville Highway), One of the City's Major East/West Thoroughfares | Cumulative Traffic Counts are Approximately 52,196 Vehicles Per Day
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a Walmart shadow-anchored, multi-tenant retail center located in Alexandria, Louisiana. The total square footage of the building is 41,923 square feet, of which 36,098 square feet is leasable area. The remaining 5,825 square feet is designated common areas, such as hallways and public restrooms. Storefronts and building entrances are located on all sides of the building. Plaza 28 is currently 100 percent leased with gross leases, providing significant upside potential by converting leases to triple-net. The tenant base is a complementary mix of internet-resistant and service-oriented businesses, including Anytime Fitness, Sport Clips, Happy Nails, Studio 28 Salon, Steps by Stephanie Dance Studio, Moe and Sam of Ball, Office of Senator John Kennedy, Specialty Infusions, CHRISTUS Health Central, Goodwill Industries, and Louisiana Home Care. The building was constructed in 1994 and is situated on 4.5 acres with paved parking on all sides of the building.
Exclusively Listed By
