6363 Main St Zachary, LA 70791-4084

Property Details for 6363 Main St

Year built

2006

Lot size

2.02 lot acres

Property size

18,900 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

1830252

APU

1830252

Description

This exceptional 18,915 square foot shopping center in Zachary, Louisiana, presents a compelling investment opportunity. Boasting a 7.99% cap rate and a strong 92.6% occupancy, the property features ten tenants under NNN leases with staggered expirations, minimizing vacancy risk. Situated on a 1.99-acre lot on a high-traffic thoroughfare (over 24,878 vehicles per day), the center benefits from its location across from a major regional medical center and within a thriving retail corridor. The surrounding area includes numerous national retailers, indicating a robust and established market. Built in 2006, the center generates a net operating income (NOI) of $239,583. The property's prime location within the Baton Rouge metro area, the second largest in Louisiana, and a strong average household income of $95,589 within a 3-mile radius, further enhances its investment potential. This well-maintained shopping center offers a stable and attractive return for discerning investors. The property's size, tenant mix, and location combine to create a highly desirable retail investment. The existing leases provide a predictable income stream, while the strategic location ensures continued growth and profitability. This is a rare opportunity to acquire a well-performing retail asset in a rapidly growing market.

Location Insight

City

Zachary

County

East Baton Rouge

State

Louisiana

Longitude

-91.1369

Latitude

30.6508

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments