1305 Heather Dr Opelousas, LA 70570
221,508 SF grocery-anchored shopping center with national tenancy.
Property size:
221,508 SFLot size:
22.25 AcresProperty Features for 1305 Heather Dr
General Information
- Size
- 221,508 SF
- Lot size
- 22.25 Acres
Source:
Moodyscre
Listing Agent: Bryan Belk
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Regional Shopping Center For Sale
St. Landry Plaza is a 221,508 SF regional shopping center located in Opelousas, Louisiana. The center is anchored by a grocery store and features a strong mix of national tenants, including Hobby Lobby, CashSaver (Piggly Wiggly), Petsense, Ollie's Bargain Outlet, AT&T, Direct General, and It's Fashion. The property benefits from excellent visibility with direct exposure to Interstate 49, which sees over 45,000 vehicles per day. The location is also approximately one mile from Evangeline Downs Racetrack & Casino. The property offers value-add potential through outparcel development and rent growth opportunities. There is potential for the development of five outparcels, each with a building size of up to 5,000 SF, including three facing Interstate 49. The property also presents a mark-to-market opportunity on the Brown's Furniture space. Recent capital upgrades include new roofs and parking fields. The center benefits from a seasoned rent roll with many tenants having occupied their spaces for over 10 years. The center pulls from a trade area of 30+ miles. The rent roll has a 4.5 WALT on leases.
Location Intelligence
Current Use by Public Records
ATM
Atm
Cash Saver
Grocery Store
Western Union
Money Transfer Service
Similar Places Nearby
St Landry Plaza
Location Insight
- Map
- Local Demand
- City
- Opelousas
- County
- St. Landry
- State
- Louisiana
- Longitude
- -92.072665
- Latitude
- 30.508595
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - 221,508 SF grocery-anchored shopping center with national tenancy.
Where is this shopping center located?
The property is located at 1305 Heather Dr Opelousas, LA.
What are key features of this property?
This property features: - Strong National Tenant Mix: Anchored by Hobby Lobby, CashSaver (Piggly Wiggly), Petsense, and Ollie's Bargain Outlet.; - Excellent Visibility & Accessibility: Direct visibility from I-49 with 45,000 vehicles per day.; - Value-Add Potential: Opportunity for outparcel development (up to five 5,000 SF buildings) and rent growth.