37200 La-3089Donaldsonville, LA 70346

Property Details for 37200 La-3089

Year built

2001

Property size (Sq ft)

30,240 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional investment opportunity presents a 30,240-square-foot, single-story shopping center in Donaldsonville, Louisiana. Boasting 100% occupancy with nine tenants, including national brands like Dollar Tree, AT&T, T-Mobile, Enterprise Rent-A-Car, H&R Block, Hibbett Sports, and It's Fashion, this property offers strong cash flow and stability. The center enjoys a prime location, benefiting from its proximity to a Walmart store and high visibility. Built in 2001, the property features 162 parking spaces, including spaces designated for handicapped accessibility. The asking price is $3,200,000, representing an 8% pro-forma capitalization rate and a pro-forma net operating income (NOI) of $252,550. The property is zoned C2 and features a triple-net (NNN) lease structure for most tenants, ensuring predictable income streams. The property's strong tenant mix, high occupancy rate, and favorable lease terms make it an attractive investment for discerning buyers. This is a 1031 exchange possibility. The property's parcel number (APN) is 20020-866. The address is 37200 LA-3089, Donaldsonville, LA 70346.

Location Insight

City

Donaldsonville

County

Ascension Parish

State

Louisiana

Latitude

30.0951

Longitude

-90.9816

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