Shopping Center with New
For Sale
Contact for pricing
Pending
3005 Gerstner Memorial Dr, Lake Charles, LA 70601
Occupied retail center featuring established national retailers and recently upgraded building systems.
Property SizeContact for details
Days on Market144
Property Features for 3005 Gerstner Memorial Dr
General Information
Standard status
Pending
Property subtype
Retail
Occupancy
86%
Additional Details
Cap Rate
8.57%
Anchor Co-Tenants
Northern Tool, City Trends, Subway
Building Details
Tenancy
Multi
Listing Agency:
JLS Real Estate
Listed By:
Joshua Lass-Sughrue · License #TX 539635
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 31 at 8:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLS Real Estate
Investment Insights
Based on property information with market context.
Park Plaza Shopping Center is a retail property with 86% occupancy and a tenant roster that includes Northern Tool, City Trends, and Subway. The center benefits from a recently installed roof backed by a long-term warranty, along with multiple new HVAC units.
The property is located at 3005 Gerstner Memorial Dr in Lake Charles, Louisiana. Current operations reflect an 8.57% CAP rate, providing a specific performance metric for evaluating the center.
The property is located at 3005 Gerstner Memorial Dr in Lake Charles, Louisiana. Current operations reflect an 8.57% CAP rate, providing a specific performance metric for evaluating the center.
Key Highlights
- 8.57% CAP rate on current operations
- 86% occupied retail center
- Tenant roster includes Northern Tool, City Trends, and Subway
Property Analytics
Current Use
Lease Details
86%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70601, LA
34,571
Population
16,811
Households
2.1
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
16.1 sq mi
ZIP Area
2,147
Density / Sq Mi
$49,545
Median Household Income
$34,044
Median Earnings
$938
Median Rent
$164,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Occupied retail center featuring established national retailers and recently upgraded building systems.
Where is this shopping center located?
The property is located at 3005 Gerstner Memorial Dr Lake Charles, LA.
What are key features of this property?
This property features: 8.57% CAP rate on current operations; 86% occupied retail center; Tenant roster includes Northern Tool, City Trends, and Subway
