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Property profile & analytics
OFF-MARKET Estimated value $3,935,000
Retail space

2414 5th St Leesville, LA 71446-5323

2 ac lot
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US36-1621776
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Lot 2 ac (87,120 SF)
APN 011-100-2825
UPID US36-1621776
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
  • Claire's (Bike/Boat/Book/etc) Store Clothing & Fashion Store
  • CPR Cell Phone Repair Leesville Electronics & Wireless Store Computer & Electronic Repair
  • Direct Loans Loan Service
  • Direct Payday Loans Loan Service
  • Rent-A-Center Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.47M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.94M
Owner & transaction history
Mrp Leescille LLC · 4 yrs held
Mrp Leescille LLC
since 2022
Last sale
$4.4M
1 recorded transaction
2022
$4.4M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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