For Sale
$3,000,000

6363 Main StZachary, LA 70791

Zachary, LA Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 18,915 square foot shopping center in Zachary, Louisiana, presents a compelling investment opportunity. Boasting a 7.99% cap rate and a strong 92.6% occupancy, the property features ten tenants under NNN leases with staggered expirations, minimizing vacancy risk. Situated on a 1.99-acre lot on a high-traffic thoroughfare (over 24,878 vehicles per day), the center benefits from its location across from a major regional medical center and within a thriving retail corridor. The surrounding area includes numerous national retailers, indicating a robust and established market. Built in 2006, the center generates a net operating income (NOI) of $239,583. The property's prime location within the Baton Rouge metro area, the second largest in Louisiana, and a strong average household income of $95,589 within a 3-mile radius, further enhances its investment potential. This well-maintained shopping center offers a stable and attractive return for discerning investors. The property's size, tenant mix, and location combine to create a highly desirable retail investment. The existing leases provide a predictable income stream, while the strategic location ensures continued growth and profitability. This is a rare opportunity to acquire a well-performing retail asset in a rapidly growing market.

Highlights

  • 92.6% Occupancy Rate
  • 18,915 SF Retail Center across from a major regional medical center
  • NNN leases with staggered expirations minimize vacancy risk
  • 1.99-acre site with strong replacement rental potential
  • High-traffic location on Zachary, LA's busiest thoroughfare (24,878+ VPD)
  • $95,589 average household income within a 3-mile radius

Property Details for 6363 Main St

Property type
Lifestyle centers, Power centers
Square Feet
18,915 SF
Year Built
2006
Lot Size (sq. ft)
86,684 SF

Location Insight

City
Zachary
County
East Baton Rouge Parish
State
Louisiana
Latitude
30.6509055
Longitude
-91.1365764
6363 Main St, Zachary, Louisiana

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6363 Main St
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