Southland Plaza - Prime Corner Retail Center
Retail | 58,947 SqFt
Marketing description
Newly renovated retail positioned at the high-performing corner of W Park Ave. and MLK, Jr. Blvd.
The center underwent an extensive renovation in 2021 with approximately $5MM in improvements. All interior floors, walls, lighting, exterior siding and soffits were replaced. The roof of the anchors suite and two-story retail building replaced in 2021 (balance of the roof is in good condition). Anchor suite HVAC replaced in 2024. This substantial investment offers a great investment basis and limited near-term capital requirements.
Southland Plaza is surrounded by some of the market's strongest retail anchors and daily-needs traffic drivers, making it an ideal location for value-add investors or owner-users seeking a stabilized, high-visibility site. Retailers at this intersection include Sam's, Rouses, Walgreens, and Dillard's.
Investment highlights
- Newly renovated retail positioned at the high-performing corner of W Park Ave. and MLK, Jr. Blvd.
- The center underwent an extensive renovation in 2021 with approximately $5MM in improvements. All interior floors, walls, lighting, exterior siding and soffits were replaced. The roof of the anchors suite and two-story retail building replaced in 2021 (balance of the roof is in good condition). Anchor suite HVAC replaced in 2024. This substantial investment offers a great investment basis and limited near-term capital requirements.
- Southland Plaza is surrounded by some of the market's strongest retail anchors and daily-needs traffic drivers, making it an ideal location for value-add investors or owner-users seeking a stabilized, high-visibility site. Retailers at this intersection include Sam's, Rouses, Walgreens, and Dillard's.
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