For Sale
$3,500,000

9611 Maurice Ave Maurice, LA 70555

Louisiana Retail Center - High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 16,189 square foot shopping center in Maurice, Louisiana, presents a compelling investment opportunity. Boasting 100% occupancy across six units within two buildings constructed in 2017 and 2018, this property generates a strong NOI of $259,675, representing a 7.42% cap rate at an asking price of $3,500,000 ($216/sq ft). Situated on a 2.21-acre lot at 9611 Maurice Ave, 70555, the center benefits from high visibility on Highway 167 (over 24,000 vehicles per day) and features prominent pylon signage. The property includes two drive-thrus and ample surface concrete parking. Current tenants include a diverse mix of established businesses such as Snap Fitness, Chill House, Prime Kitchen and Nutrition, Edward Jones, and Brasseaux's True Value Hardware. The center's location across from a new NuNu's grocery-anchored development further enhances its long-term growth potential. The average lease rate is $18.95 per square foot annually. This fully occupied, well-maintained shopping center offers a stable income stream and significant upside potential in a rapidly growing market.

Highlights

  • Average annual lease rate: $18.95 per square foot.
  • Two drive-thru lanes available.
  • Pylon signage included.
  • Ample surface parking with concrete pavement.

Property Details for 9611 Maurice Ave

Property type
Lifestyle centers, Power centers
Square Feet
16,189 SF
Buildings
2
Lot Size (sq. ft)
96,268 SF
Units
6

Location Insight

City
Maurice
County
Vermilion Parish
State
Louisiana
Latitude
30.0991917
Longitude
-92.1236099

FAQs

What type of property is this?
Lifestyle center - Louisiana Retail Center - High Occupancy
Where is the lifestyle center located?
The property is located at 9611 Maurice Ave Maurice, LA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Average annual lease rate: $18.95 per square foot.; Two drive-thru lanes available.; Pylon signage included.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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9611 Maurice Ave
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