List Search

112-120 Blanchard St

West Monroe, LA 71291

$5,630,000

Department Store For Sale  •  68,803 Sq Ft

Property Details

  • Property Type Department Store
  • Total Building Size 68,803 Sq Ft
  • Lot Size 6.71 ac
  • Building Class C
  • Year Built 1987
  • Cap Rate 8.88 %
  • Tenancy Multiple
0 Transit Score
54 Walk Score

Description

West Monroe Plaza | 68,803 Square Feet | Monroe MSA
Shadow Anchored by Hobby Lobby | Anchored by Big Lots
Anchored by Big Lots for Over Twenty Years | Renewed in 2017 with 21% Rent Increase
Situated Near a Main Retail Corridor Which Sees Over 32,500 VPD
Located Just Off I-20 with Over 77,500 VPD
Located Next to The Assembly, Cinemark Theater and Multiple Hotels
Across the Street from Walmart Supercenter and Glenwood Regional Medical Center
Over 82,000 Residents and 100,000 Employees within Five-Miles

Highlights

West Monroe Plaza | 68,803 Square Feet | Monroe MSA
Shadow Anchored by Hobby Lobby | Anchored by Big Lots
Anchored by Big Lots for Over Twenty Years | Renewed in 2017 with 21% Rent Increase
Situated Near a Main Retail Corridor Which Sees Over 32,500 VPD
Located Just Off I-20 with Over 77,500 VPD
Located Next to The Assembly, Cinemark Theater and Multiple Hotels

Property Flyers

Financial Summary (Actual)

Net Operating Income: $500,026 (2018)
Cap Rate: 8.88 %

Major Tenants

Tenant SF Occupied Lease End Date
Big Lots 30,280 SF
Cato 6,000 SF
Escape Room 4,800 SF 9/30/2020
Hibachi Grill 11,936 SF 1/31/2022
Usagencies Insurance 1,200 SF

Public Transportation

AirportDriveWalkDistance
Monroe Regional Airport 14 min - 8.5 mi
Joel Dumes 513-878-7700 Marcus & Millichap
Joel Dumes 513-878-7700 Marcus & Millichap