PetSense - NNN Leased Investment Opportunity

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30180317
Property Subtypes: Free-Standing Building, Retail-Pad, Street Retail, Other
Status: Pending/Contingent
Building Size (RSF): 5,625 SF
Gross Building Area: See Agent
Gross Land Area: 0.89 Acres
Sale Price: $1,093,750
Unit Price: $194.44 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/16/2018

Overview / Comments

Single-tenant NNN leased retail center currently being operated as a PetSense. The subject property is located on the busy Veterans Memorial Dr. in Abbeville, LA with close proximity to Wal-Mart Supercenter, Lowe's Home Improvement, Abbeville General Hospital, and Abbeville Memorial Airport.

This income-producing commercial investment consists of 5,625 SF of free standing retail and is adjacent to Lauren Parc Shopping Center, an eleven-suite retail strip. Tenants in Lauren Parc include Affordable Home Furnishings, Hibbett Sports, Dollar Tree, Anytime Fitness, and Papa John's, AT&T, Hulin Health, Precision Rehab, and Tokyo Japan.

Currently leased to PetSense, 10 year NNN lease with a 10% escalation in year 6
Ample parking
Adjacent to Lauren Parc Shopping Center and Wal-Mart Supercenter

Contact agent for more information.

Additional Details

Nearest MSA: Lafayette
County: Vermilion
Property Visibility: Excellent
Traffic/Vehicle Count: 18,400
Property Condition: Excellent
Year Built: 2017
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 13,807 24,105
Median Age: 35.07 35.81
Households: 5,243 9,164


Photograph of Listing Agent

Andrew Kimble

Beau Box Commercial Real Estate Baton Rouge, LA 70808
Not a member of MCAR CIE
Photograph of Listing Agent

Brent Struthers

Beau Box Commercial Real Estate Baton Rouge, LA 70808
Not a member of MCAR CIE
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