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Property profile & analytics
OFF-MARKET
Power centers

3650 Millhaven Rd Monroe, LA 71203

55,000 SF Built 2002
Property ID
Property summary
AI-generated overview

This exceptional 55,000-square-foot retail property, located at 3650 Millhaven Rd in Monroe, Louisiana, presents a significant leasing opportunity. Built in 2002 and renovated in 2015, the property sits on a 4.19-acre lot and is zoned B-3. The building features approximately 50,000 square feet of ground-floor retail space and an additional 5,000 square feet of office space on the second floor, offering versatility for a variety of retail uses. Its prime location provides excellent visibility and accessibility from I-20, placing it within a thriving commercial area. The surrounding area boasts a strong consumer base, with nearby attractions including Pecanland Mall, the University of Louisiana Monroe, and Louisiana Purchase Gardens and Zoo, ensuring high traffic and visibility. This single-tenant property offers a unique chance to establish a substantial retail presence in a dynamic Monroe, LA market. The property's size, location, and recent renovations make it an ideal investment for a retail or power center operator seeking to capitalize on the area's robust commercial activity. Ouachita Parish location and 71203 zip code ensure easy identification and access.

Property profile
Verified
Property type Power centers
Year built 2002
Total area 55,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Conn's HomePlus Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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