Brookshire's (1% Rent-To-Sales) Anchor Center 1403-1415 The Blvd 78,420 SF 98% Leased Retail Building Rayne, LA 70578 $3,800,000 ($48.46/SF) 7.17% Cap Rate
INVESTMENT HIGHLIGHTS
- Successful Grocery Anchored Neighborhood Shopping Center - 40+ Grocer Operating History (Formerly Winn Dixie) with 70% National Tenants
- Extremely Low Price Per Foot, and low rents combined with stable cash flow.
- Situated between large retail corridors servicing the local community - Creating top tier customer draw and strong tenant synergy.
- Near 100% leased center with Stable Cash Flow stream and long term upside potential
- Strong Retail Location, directly off Interstate 10 with excellent access & visibility.
- New Waffle House Location (NAP) coming soon located within center adjacent to Super 1 Foods.
EXECUTIVE SUMMARY
• 1% Rent to Sales Ratio / Successful Grocery Anchored Neighborhood Shopping Center - 40+ Grocer Operating History (Formerly Winn Dixie) with very strong reported sales (contact agent for details) and a very low rent to sales ratio.
• 70% National Tenants including corporate lease with Berkshire’s Grocery (dba Super 1), Ace Hardware, Anytime Fitness, H&R Block, Edward Jones.
• Near 100% leased center with Stable Cash Flow stream and long term upside potential.
• Extremely Low Price Per Foot, and low rents combined with stable cash flow.
• Strong Retail Location, directly off Interstate 10 with excellent access & visibility. Situated between large retail corridors servicing the local community - Creating top tier customer draw and strong tenant synergy.
• Outstanding freeway access - The Subject Property is located within a mile from Interstate 10 On-Ramps and Off-Ramps.
• Strong Daily Needs Area - Subject Property features Super 1 Grocery Store, Ace Hardware, Anytime Fitness & Daily Needs Tenants.
• New Waffle House Location (NAP) coming soon located within center adjacent to Super 1 Foods.
• 70% National Tenants including corporate lease with Berkshire’s Grocery (dba Super 1), Ace Hardware, Anytime Fitness, H&R Block, Edward Jones.
• Near 100% leased center with Stable Cash Flow stream and long term upside potential.
• Extremely Low Price Per Foot, and low rents combined with stable cash flow.
• Strong Retail Location, directly off Interstate 10 with excellent access & visibility. Situated between large retail corridors servicing the local community - Creating top tier customer draw and strong tenant synergy.
• Outstanding freeway access - The Subject Property is located within a mile from Interstate 10 On-Ramps and Off-Ramps.
• Strong Daily Needs Area - Subject Property features Super 1 Grocery Store, Ace Hardware, Anytime Fitness & Daily Needs Tenants.
• New Waffle House Location (NAP) coming soon located within center adjacent to Super 1 Foods.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
78,420 SF
Building Class
C
Year Built
1975
Price
$3,800,000
Price Per SF
$48.46
Cap Rate
7.17%
NOI
$272,339
Percent Leased
98%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.60
Lot Size
3.00 AC
Zoning
C-3
Parking
285 Spaces (3.63 Spaces per 1,000 SF Leased)
AMENITIES
- Freeway Visibility
- Restaurant
- Signage
- Monument Signage
PROPERTY TAXES
| Parcel Number | 0170214600 | Improvements Assessment | $318,280 |
| Land Assessment | $56,700 | Total Assessment | $374,980 |
