Current Use by Public Records
- Town Donut and Breakfast Zachary / Bakery / Discount Store
- The Next Step Performing Arts Center / Training Center
- Mamis Mexican / Restaurant
- Blue Bubble / Cafe & Coffee Shop
- Blaque Beauty Supplyz LLC / (Bike/Boat/Book/etc) Store / Cosmetic Store
Property Details for 5810 Main St
- Lot size
- 2.44 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a fee-simple ownership of Main Street Plaza, a 20,252 square foot shopping center located at 5810 Main St, Zachary, LA 70791. The property boasts a 7.38% cap rate with a pro-forma cap rate of 7.66%, generating a current NOI of $276,848 and a pro-forma NOI of $287,135. The center is comprised of two buildings, constructed in 2001 and 2011, totaling 20,252 net rentable square feet across 16 units and nine tenants. Currently 100% occupied, the property sits on a 2.44-acre lot and benefits from a prime location, situated across the street from a high-performing Walmart, in a rapidly growing city. The property features LED lighting upgrades and has recently undergone a power wash, showcasing excellent condition. While most tenants are long-term, the average rent is $14.72 per square foot, presenting an opportunity for increased net income through reconciliation of CAM charges and market-rate rent adjustments (average area rent is $18/sf). The asking price is $3,750,000, translating to $185 per square foot. This value-add opportunity is ideal for investors seeking strong cash flow and potential for appreciation in a thriving Louisiana market. The property is offered as a NNN lease, with franchisee tenants.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Zachary
- County
- East Baton Rouge Parish
- State
- Louisiana
- Longitude
- -91.1427
- Latitude
- 30.648
