2414 5Th St Leesville, LA 71446
- Retail space
- 2.00 lot acres
Current Use by Public Records
- Claire's / Fashion Accessories Store
- CPR Cell Phone Repair Leesville / Electronics Store / Mobile Phone Repair Shop
- Direct Loans / Loan Agency
- Direct Payday Loans / Loan Agency / Appraiser
- Rent-A-Center / Cell Phone Store / Electronics Store
Property Details for 2414 5Th St
- Lot size
- 2.00 lot acres
- Property type
- Retail space
- APN
- 011-100-2825
- APU
- 111002825
Description
Leesville Plaza presents a compelling investment opportunity in a thriving retail environment. This 22,160 square foot Walmart shadow center boasts a prime location along S 5th Street, the main retail corridor of Leesville. The center benefits from the significant traffic generated by the adjacent Walmart, attracting an estimated 2.6 million annual visits. This high visibility ensures strong foot traffic for all tenants. Currently, the center features a strong tenant mix, including established businesses like Petsense and Rent-A-Center. Tenants benefit from the synergistic effect of being located near other national retailers such as Ross Dress for Less, Lowe's, Tractor Supply, Goodwill, and Burke's, creating a robust and diverse shopping destination. The property comprises ten suites in total, with a maximum contiguous space of 3,680 square feet and two spaces currently available. This makes it ideal for a variety of retail businesses, healthcare providers, or restaurants seeking a high-traffic location with established neighboring businesses. The property's strategic placement within the main retail corridor and its proximity to a high-traffic Walmart store makes it an exceptional opportunity for businesses seeking significant exposure and customer reach in the Leesville market. The existing tenant mix provides a stable and attractive environment for new businesses to thrive.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,390,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,295,000
- 6.5%
- $4,520,000
- 7%
- $3,950,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,720,000
- Geo Method
- $4,225,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,905,000
- Retail
- $3,845,000
- Mixed-Use
- $3,835,000
- Hospitality
- $3,785,000
- Educational
- $3,915,000
- Residential Income
- $4,640,000
- Energy
- $5,080,000
- Income-Based Land
- $4,460,000
- Food Service
- $4,725,000
Location Insight
- Map
- Local Demand
- City
- Leesville
- County
- Vernon
- State
- Louisiana
- Longitude
- -93.2719
- Latitude
- 31.1182
- CBSA code
- 22860
- CBSA name
- FORT POLK SOUTH, LA MICROPOLITAN STATISTICAL AREA