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308-348 Homer RoadMinden, LA 71055
Park City Shopping Center
Multi-Tenant Retail Investment Opportunity
Overview
Stirling Investment Advisors presents a value-add investment opportunity in Minden, Louisiana. Park City Shopping Center is a 66,684-square-foot multi-tenant retail center. Currently 56% occupied, this center offers substantial upside potential through increased occupancy. Anchored by a top-performing Dollar General, the tenant roster includes a complementary blend of national, regional, and local service providers such as Advance America, Minden Medical Center, and H&R Block. Constructed in 1985, the property is situated on 4.91 acres, featuring paved parking and high visibility from a pylon sign.
Investment Highlights
- Currently 56% occupied, with a mix of triple-net and gross leases
- Value-add potential in leasing vacancies and converting leases to triple-net
- Diversified tenant mix includes national, regional, and local retailers along with a medical center
- Anchored by Dollar General for over 20 years.
- Attractive pricing well below replacement costs.
- Situated in a strong retail corridor, surrounded by other national tenants, including McDonald's, Brookshire's, Walmart, Tractor Supply Co., CATO, T-Mobile, and many others
- Well-positioned on Homer Road (U.S. Route 79), the primary north-south thoroughfare of the city
- Traffic Counts in front of the center are approximately 11,700 vehicles per day
- Minden is the parish seat of Webster Parish and is located approximately 28 miles east of Shreveport
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308-348 Homer RoadMinden, LA 71055
Sales Team
109 Northpark Boulevard, Covington, LA 70433
Listing provided by LightBox Revere