5810 Main St Zachary, LA 70791

Property Details for 5810 Main St

Lot size

2.44 lot acres

Property size

20,252 SF

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.

Location Insight

City

Zachary

County

East Baton Rouge Parish

State

Louisiana

Longitude

-91.1427

Latitude

30.648