Listed by JRE Brokerage
$2,515,755
Retail Investment Opportunity along I-210 – As-Is 8% Cap
Details
APN 00913693
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 19,629
Cap Rate 8.00%
Occupancy 71%
Tenancy Multi
Price per SqFt $128
Buildings 1
Stories 1
Zoning B – Business
Investment Type Value Add
Retail | 8.00% CAP | 19,629 SqFt
Marketing description
This retail investment opportunity is located on Gerstner Memorial Drive in Lake Charles, with visibility and access from the I-210 exit.
Nearby traffic counts exceed 61,600 vehicles per day on I-210 and 27,230+ on Gerstner Memorial Drive.
The center’s tenants include City Gear, Boost Mobile, State Farm, H&R Block, and Cricket.
The surrounding corridor is a regional retail destination anchored by Walmart, Home Depot, Lowe’s, Academy, and Cinemark. Lake Charles Power Centre, less than one mile away, features national brands including Michaels, Old Navy, Bath & Body Works, and more.
The trade area supports over 112,290+ residents within a 7-mile radius.
Sale Brochure https://buildout.com/sharing/3202-gerstner-memorial-blvd?file=4010345
Listing Contacts
Listed by JRE Brokerage
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