Walmart Plaza

Natchitoches | LA

Offering Summary

  • Status: accepted offer
  • Price: $8,020,000
  • CAP Rate: 8.34%
  • GLA: 45,850 SF
  • Net Operating Income: $668,966
  • Price/SF: $174.92
  • Year(s) Built: 2001
  • Lot Size (Acres): 4.405 Acres
  • Major Tenants: AT&T, T-Mobile, Sally Beauty, Rainbow, Hibbett Sports, Ace Tobacco, Rent-A-Center; Lucky Village
  • 100% Occupied 45,850 Square-Foot Shopping Center in Natchitoches, LA
  • Existing Below Market Non-Recourse Assumable Loan Available | 4.92% Interest Rate | 4.5-Years Until Maturity | 65% LTV
  • Shadow-Anchored Walmart | Only Walmart within a 30-Mile Radius | Over 220,000 Monthly Visitors which Ranks in the Top 15% in the Nation per Placer.Ai
  • Situated on 4.405 Acres | Shares Parking Lot & Ingress/Egress with Walmart
  • Complimentary Tenant Mix | Mixture of National, Regional and Local Brands
  • Major Tenants Include: AT&T, T-Mobile, Sally Beauty, Rainbow, Hibbett Sports, Ace Tobacco, Rent-A-Center and Lucky Village
  • 62% of GLA has Been at Site for Over 10-Years | WALT = Over 3-Years | Prominent Rent Bumps in Options
  • Recent Lease Signings Indicate an Upward Trajectory in Rent/SF | T-Mobile (12/2021 Commencement), CPR (8/2021 Commencement), Ace Tobacco (TBD Commencement), and Cricket (2/2019 Commencement) All Surpassed the $20/SF Mark | 30% Premium in Rent Relative to Rest of Tenant Base
  • Majority of Tenants Encumbered by NNN Leases | Reimbursement for Majority of Tax, CAM, and Insurance + Some MGMT Expenses
  • Irreplaceable Real Estate Along Keyser Ave | Less Than 1.5 Miles from Northwestern State University of Louisiana (11,000+ Students)
  • Stable & Mature Demographics | Population Counts of 4,404 within 1-Mile, and 18,913 within 3-Miles | Average Household Income Exceeds National Average at $70,440
  • Nearby retailers include Walmart, Dollar Tree, Hobby Lobby, Chili’s, Burger King, Sonic, Pizza Hut, Tractor Supply, Verizon, Auto Zone, McDonald’s, Super 1 Foods, Raising Canes, Dollar General, and Parkway Cinema 6
  • Natchitoches is the County Seat of Natchitoches Parish | Established in 1714
EXCLUSIVELY LISTED BY:

Scott Wiles

Senior Managing Director