Park Plaza Shopping Center
3200 Paris Road
Chalmette, Louisiana 70043
- Listing Type:
- For Sale
- Listing Price:
- $10,950,000.00
- Property Type:
- Shopping center
- Year Built:
- 1986
- Building Size:
- 99176.00 SqFt
- Land Area:
- 9.39 Acres
Description:
Subject property is a Winn-Dixie Anchored Shopping Center which is comprised of two buildings which measure 99,176 SF Total. Other tenants include: Goodwill Industries, Boost Mobile Authorized Dealer, Cafe Roma, Bravatta Fitness, Nail Salon, Pep Boys, US Agencies Insurance, and Smoothie King.
Winn-Dixie extended its lease in Mid-2016 for an additional 10 Yr Term. In consideration of that renewal, Winn-Dixie received a T.I. allowance from Lessor to renovate its store, and, upgrade the Pylon sign. In addition to the T.I. allowance, the Lessor replaced faded parking lot signs w/ new placards & signs, re-striped the parking lot, and painted the exterior of the center, including the light poles.
Historically Stable Performing Retail Asset - Winn-Dixie Anchored Circa 1986
Strong Market Position - Barriers to Entry for Additional Supermarkets
Ideal Mix of National, Regional, and Local Tenants
Located Within an Opportunity Zone - Increased Tax Incentives for 1031 Exchange Buyers
All New Roofs Post Ida
Presented by:
Director of Commercial Sales and Leasing
Mr.
(225) 252-3733
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