Listed by Stirling Properties Baton Rouge, Stirling
$3,729,427
Park City Shopping Center
Details
APN 114479
Property Type Retail
Sub Type Shopping Center
Square Footage 66,684
Net Rentable (SqFt) 66,684
Units 16
Cap Rate 9.5%
NOI $354,296
Occupancy 56%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 9.5%
Pro-Forma NOI $354,296
Price per SqFt $56
Class B
Year Built 1985
Buildings 1
Stories 1
Acreage 4.910
Zoning B-4 Highway Commercial
Parking Spaces 242 spaces
Parking Per SqFt 3.63
Investment Type Value Add
Ground Lease No
Ownership Fee Simple
Sale Condition For sale by owner
Park City Shopping Center | 9.5% CAP | 66,684 SqFt
Marketing description
Stirling Investment Advisors presents a value-add investment opportunity in Minden, Louisiana. Park City Shopping Center is a 66,684-square-foot multi-tenant retail center. Currently 56% occupied, this center offers substantial upside potential through increased occupancy. Anchored by a top-performing Dollar General, the tenant roster includes a complementary blend of national, regional, and local service providers such as Advance America, Minden Medical Center, and H&R Block. Constructed in 1985, the property is situated on 4.91 acres, featuring paved parking and high visibility from a pylon sign.
Investment highlights
- Currently 56% occupied, with a mix of triple-net and gross leases
- Value-add potentaial in leasing vacancies and converting leases to triple-net
- Diversified tenant mix includes national, regional and local retailers along with a medical center
- Anchored by Dollar General for over twenty years
- Attractive pricing well below replacement costs
- Situated in a strong retail corridor, surrounded by other national tenants, including McDonald's, Brookshire's, Walmart, Tractor Supply Co., CATO, T-Mobile, and many others.
- Well-positioned on Homer Road (U.S. Route 79), the primary north-south thoroughfare of the city.
- Traffic Counts in front of the center are approximately 11,700 vehicles per day.
- Minden is the parish seat of Webster Parish and is located approximately 28 miles east of Shreveport.
Listing Contacts
Listed by Stirling Properties Baton Rouge, Stirling
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$354,296.00
$29,524.67/mo
Valuation Metrics
0
DSCR
9.5%
Cap Rate
9.5%
ROI
Map
Zoning
B4 CommercialSpecial CommercialHighway Commercial
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View all 115 uses Last updated Mar 16, 2026 For deeper zoning details, reports are available at Zoneomics
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