East Town Shopping Center | Lake Charles, LA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 65,636 SF East Town Shopping Center Asset Located at 929 3rd Avenue in Lake Charles, LA. This Deal is Anchored By Market Basket Since 1963 – a Strong Regional Grocer With 65 Locations and This Deal Has National Tenant Mix – Family Dollar, Dollar Tree, Newly Signed Hibbett Sports and Newly Signed Lease With 50-Unit Regional Operator, Simply 10.
- Anchored By Market Basket Since 1963 – a Strong Regional Grocer With 45 Locations
- Market Basket Has Shown Incredible Commitment to the Site, Having Occupied the Property For Over 60 Years
- National Tenant Mix – Family Dollar, Dollar Tree and Newly Signed Hibbett Sports
- Low Price Per/SF Acquisition Opportunity – $48.75/SF
- Strong Secondary Market Demographics: 51K Residents in a 3- Mile Radius
- Property Has Been Professionally Managed With Very Little Deferred Maintenance – Ownership Recently Spent Over $150K on Upgrades to the Center
- All of Roof Under Warranty With Recent Updates Including Pressure Washing, Fresh Paint and Substantial Parking Lot Repairs
- New 10-Year Lease With 50 Unit Regional Operator, Simply 10
- Family Dollar (Dark) Paying Through 2027
In Cooperation With Sands Investment Group Louisiana, LLC – Lic. #BROK.0995702111-CORP BoR: Andrew Ackerman – Lic. LA #BROK.0995700567-ACT
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