309 5Th StLeesville, LA 71446

This exceptional investment opportunity presents a 19,632 square foot, single-story shopping center located at 309 N 5th St, Leesville, LA 71446. The property boasts a 7.98% cap rate and a pro-forma cap rate of 10.73%, reflecting significant upside potential. Currently, the center enjoys 95% occupancy with four tenants under NNN leases, providing a stable income stream. The net rentable area totals 11,864 square feet, with six individual units available. Key tenants include Sherwin Williams Paint, a spa/salon/boutique, and a real estate office. Additional space is available for office or retail use, along with a large garage/shop space. The property sits on a 0.95-acre lot, offering excellent visibility and accessibility right off Highway 171. The current leases have a remaining term of 3.5 years, expiring June 1, 2028, with two tenants holding 5-year renewal options. The current NOI is $55,792, with a pro-forma NOI of $74,992. The asking price is $699,000, translating to a price per square foot of $35.61. This Class C property offers a compelling combination of established tenancy, strong cash flow, and significant growth potential, making it an ideal addition to any investment portfolio. The property is offered fee simple.