Shopping Strip
Main Street Retail Plaza
5810 Main St, Zachary, LA 70791
Listing Price: $3,750,000
Investment Overview
Marcus & Millichap is excited to present Main Street Plaza, a prime commercial real estate investment opportunity located on Main Street in Zachary, Louisiana. This freestanding retail strip center is strategically positioned directly across the road from the bustling Wal-Mart Supercenter, ensuring high visibility and traffic. The property boasts a substantial gross leasable area of 20,252 square feet on a spacious 2.4-acre lot, comprising 16 individual suites with a high occupancy rate of 100%. The purchase price is $3,750,000.00, with a cap rate of 7.38%.
Main Street Retail Plaza
Investment Highlights
- Upside Potential: Opportunity to increase rents to align with the current market rate of $18 per square foot (PSF).
- High Occupancy: Historically high occupancy rates with long-term tenants, ensuring stable and reliable income
- Wal-Mart Shadow Center: The property benefits from its proximity to the Wal-Mart Supercenter, attracting significant foot traffic and enhancing its retail appeal.
- Signage at Four-Way Stop Pylon: Highly visible signage ensures maximum exposure to passing traffic
- Traffic Light Entrance: Easy and safe access is ensured by the traffic light entrance, enhancing convenience for both tenants and customers.
- Rapid Growth Area: Zachary is experiencing rapid growth, making this location a hotspot for new businesses and development.
- High Traffic Count: With a daily traffic count exceeding 40,000 vehicles, the center benefits from continuous exposure to potential customers.
Exclusively Listed By
Financing By
Listing Price: $3,750,000
Investment Highlights
- Upside Potential: Opportunity to increase rents to align with the current market rate of $18 per square foot (PSF).
- High Occupancy: Historically high occupancy rates with long-term tenants, ensuring stable and reliable income
- Wal-Mart Shadow Center: The property benefits from its proximity to the Wal-Mart Supercenter, attracting significant foot traffic and enhancing its retail appeal.
- Signage at Four-Way Stop Pylon: Highly visible signage ensures maximum exposure to passing traffic
- Traffic Light Entrance: Easy and safe access is ensured by the traffic light entrance, enhancing convenience for both tenants and customers.
- Rapid Growth Area: Zachary is experiencing rapid growth, making this location a hotspot for new businesses and development.
- High Traffic Count: With a daily traffic count exceeding 40,000 vehicles, the center benefits from continuous exposure to potential customers.
Investment Overview
Marcus & Millichap is excited to present Main Street Plaza, a prime commercial real estate investment opportunity located on Main Street in Zachary, Louisiana. This freestanding retail strip center is strategically positioned directly across the road from the bustling Wal-Mart Supercenter, ensuring high visibility and traffic. The property boasts a substantial gross leasable area of 20,252 square feet on a spacious 2.4-acre lot, comprising 16 individual suites with a high occupancy rate of 100%. The purchase price is $3,750,000.00, with a cap rate of 7.38%.
Exclusively Listed By
Financing By
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