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801 S Arkansas

Springhill, LA 71075

$1,600,000

General Retail For Sale  •  74,243 Sq Ft

Property Details

  • Property Type General Retail
  • Total Building Size 74,243 Sq Ft
  • Building Class C
  • Year Built 1971
  • Tenancy Multiple
0 Transit Score
63 Walk Score

Description

We are pleased to offer to qualified investors an opportunity to purchase a 72,212 SF multi-tenant shopping center located in Springhill, LA. This offering includes
approximately 7.54 acres of land and is offered at a land price of $4.87 PSF providing investors a unique opportunity to re-tenant or redevelop an existing
shopping center that is available for purchase at land value. Positioned on the main North/South Corridor through Springhill, LA the shopping center is surrounded by national retail tenants such as Walmart Supercenter, McDonald’s, Pizza Hut, Subway, Sonic Drive-In, O’Reilly Auto Parts, Citizens National Bank, Taco Bell and more. Additionally, the subject property is located immediately adjacent to North Webster High School (~575 Students) and Brown Middle School making this a centrally located retail asset to the daily driving habits of the community.

Highlights

Fee Simple Ownership (Land and Building) - Excellent Value-Add Opportunity
Short Term Leases Remaining (In-Place Income) - Unique Opportunity to Re-Tenant or Redevelop
Attractive Price Point - $4.87 Per Land SF - $22 Per Building SF
72,212 SF Building - Approximately 7.54 Acres of Land
Brand New Roof over Dollar Tree, 9,600 Vacancy, and 20,300 SF Vacancy Spaces
Located on the Main North/South Corridor Through Springhill, LA (Connects Arkansas to Louisiana)

Major Tenants

Tenant SF Occupied Lease End Date
1st Franklin Financial 1,400 SF
Dollar Tree 11,000 SF 5/31/2024
Ivan Smith Furniture 18,677 SF 4/30/2021
Rock Shop
Sweetie Pies Cafe 500 SF

Amenities

  • Pylon Sign
  • Signage

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 400
Type: Surface
Included in Rent: Yes
Jereme Snyder 949-724-5552 Colliers International
Jereme Snyder 949-724-5552 Colliers International