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Opportunity Zone
309 N 5th St, Leesville, LA 71446
Retail | 7.98% CAP | 19,632 SF
Listing Contacts
License: LA 995681735
Active
Asking Price: $699,000
Address
309 N 5th St, Leesville, LA 71446
Show on MapDate Added
Jun 21, 2023
Days on Market
730 days
Time Since Last Update
78 days
Details
Property TypeRetail
SubtypeShopping Center
Investment TypeOwner/User
ClassC
Lease TypeNNN
TenancyMulti
Number of Tenants4
Lease Expiration06/01/2028
Remaining Term2.9 years
Square Footage19,632
Net Rentable (sq ft)11,864
Price/Sq Ft$35.61
Cap Rate7.98%
Pro-Forma Cap Rate10.73%
Occupancy95%
NOI$55,792
Pro-Forma NOI$74,992
Units6
Stories1
Lot Size (acres)0.95
Rent BumpsYes
Broker Co-OpYes
Lease Options5 year option to renew x 2 tenants
Ground LeaseNo
Ownershipfee simple
INTELLIGENCEMarketing Description
AMAZING COMMERCIAL OPPORTUNITY! Multiple Unit Shopping Center with long term tenants IN PLACE! 6 Units Total, RIGHT OFF HWY 171 in Leesville! Sherwin Williams Paint, Spa/Salon/Boutique, Real Estate Office in place PLUS Additional units for office/retail and a LARGE garage/shop space with office waiting for new occupants! Fabulous location for any new business looking for great highway exposure or perfect for existing business looking to upgrade sq footage! Call today for more details and to schedule your tour!
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
> $55,792.00
$4,649.33/mo
Valuation Metrics
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0
DSCR
7.98%
Cap Rate
7.98%
ROI
Property History
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Due Diligence
Listing Contacts
- License: LA 995681735
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