Property Tour and Contact Detail Information: Property tours are available by appointment. Please contact the listing broker to schedule a tour of the property. Investment Highlights: * Infill Location - Excellent Tenant Synergy - New Gym Tenant Moving into Center * Strong Market Rent for Retail - Available Lease Comps Upon Request - High Demand * Tremendous Upside Potential - Path of Growth - Dense Demographics * Publicly-Traded Corporate Tenant - Recent Parking Lot Improvements * Opportunistic Returns - Rare Vacant Infill Location - Strong Tenant Mix * Approximately 7 Years Remaining on Stage - Ease of Ownership * Excellent Access & Visibility on Main Retail Corridor Investment Overview: The subject property is a multi-tenant retail fee simple investment occupied by Stage Stores (NYSE: SSI) and a vacant 30,000SF space located in Abbeville, Louisiana on Veterans Memorial Dr. (LA 14 Bypass) - the main retail corridor in town next to Walmart Supercenter. Stage is on a new 10-year NN lease and the property is currently 50% vacant, which presents a tremendous opportunity for upside potential. The shopping center is anchored by Super 1 Foods, which just signed a long-term extension on their lease - demonstrating the long-term viability of this retail center. The property is located in an infill location in the heart of the retail trade area and the town’s path of growth. Besides Walmart Supercenter and Super 1 Foods surrounding national retailers include Winn-Dixie, Lowe’s Home Improvement, Capital One Bank, O’Reilly Auto Parts, and Anytime Fitness. The tenant Stage Stores, Inc. is on a corporate guaranteed lease with seven (7) years of term remaining. Stage Stores operates more than 855 stores in 40 states under the Bealls, Palais Royal, Peebles, Stage, and Goody’s nameplates. They are a department store company specializing in retailing brand name apparel, accessories, cosmetics, footwear and housewares to small towns and communities throughout the United States. Stage Stores reported sales of $1.6 Billion for the Fiscal Year 2014 and employs approximately 14,500 employees. They opened 18 new stores in 2014 alone, and the corporate office is located in Houston, Texas This investment opportunity offers investors an excellent value-add investment leased to a strong corporate tenant within a proven retail trade area on a hard corner at a busy signalized intersection, ideal for a an investor seeking long-term high yields.
« show less
Retail Space
© 2008-2024 Rofo.com. All rights reserved.