• Park Plaza Shopping Center - 3300 Paris Rd, Chalmette, LA 70043

For Sale

Office
Retail

For Sale

This property is available for sale
9.39
Acres
$409,028
Sale Price
  • Sale Status
    active
  • Year Built
    1986 (Renovated 2017)
  • Overview

    Subject property is a Winn-Dixie Anchored Shopping Center which is comprised of two buildings which measure 99,178 SF Total. Other tenants include: Goodwill Industries, Boost Mobile Authorized Dealer, Cafe Roma, Bravatta Fitness, Nail Salon, Mobile Tint/Audio, US Agencies Insurance, and Smoothie King. Center is 89.53% occupied.

    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 renovated 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 exterior of the center including the light poles.

    Worth noting that Smoothie King is in the process of moving from its inline location to an end-cap where it will have a drive-thru, and, a larger leasehold footprint.

    Highlights

    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.

    Over $300K in Renovations Since Winn-Dixie's 2016 Renewal.

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Property Details

Subject property is a Winn-Dixie Anchored Shopping Center which is comprised of two buildings which measure 99,178 SF Total. Other tenants include: Goodwill Industries, Boost Mobile Authorized Dealer, Cafe Roma, Bravatta Fitness, Nail Salon, Mobile Tint/Audio, US Agencies Insurance, and Smoothie King. Center is 89.53% occupied.

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 renovated 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 exterior of the center including the light poles.

Worth noting that Smoothie King is in the process of moving from its inline location to an end-cap where it will have a drive-thru, and, a larger leasehold footprint.

Highlights

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.

Over $300K in Renovations Since Winn-Dixie's 2016 Renewal.

  • Property Type
    Office
  • Submarket
  • Year Built
    1986Renovated 2017
  • Sale Price
    $409,028
  • Total Acres
    9.39
  • Number of Floors
    1
  • Number of Buildings
    2
  • Zoning
    C-1, COMMERCIAL
  • Sale Status
    active
  • Last updated
    Jul 15, 2019
  • Property ID
    477147

Landlord's Sales Representatives

  • Ryan Pearce
    NAI/Latter&Blum Commercial New Orleans
     
  • Paul G Richard
    NAI/Latter&Blum Commercial New Orleans
     
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