Tenant: St. Mary Plaza | Morgan City, LA
Premises: 138,168 SF
Lease Expiration: Varies
Sands Investment Group is Pleased to Exclusively Offer For Sale the 138,168 SF St. Mary Plaza Located at 855 Highway 90 East in Morgan City, Louisiana. This Deal Includes Four (4) Buildings on Three (3) Separate Tax Parcels. 78% Occupancy Rate, With National Credit Tenants Make up 39% of GLA. LOI in Hand to Add an Ollies to the Center.
In Cooperation With Sands Investment Group Louisiana, LLC – Lic. #BROK.0995702111-CORP BoR: Andrew Ackerman – Lic. LA #BROK.0995700567-ACT
Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities
Roses Discount Stores is a regional discount store in the United States with its headquarters in Henderson, North Carolina. Roses has been making the things you need and want in life accessible. By always offering quality items at low price, our customers don’t have to chase down clearance sales or coupons constantly. The 24,000- to 76,000-square-foot stores, which primarily serve populations of less than 50,000 people, carry a wide variety of general merchandise items, including clothing, shoes, household furnishings, small appliances, toiletries, cosmetics, sporting goods, automobile accessories, food, yard and garden products, electronics, and occasional furniture. There are a total of 250 roses discount stores locations in United States as of April 26, 2023. Variety Wholesalers, Inc. operates 422 stores throughout the Southeast, primarily comprised of the Roses and Roses Express brands. Variety Wholesalers, Inc., is a privately held company based in Henderson, North Carolina, which owns retail stores in the Southeast and mid-Atlantic United States under the banners Roses and Maxway.
HARBOR FREIGHT TOOLS
Harbor Freight Tools has been America’s go-to source for affordable tools since its start in 1977 as a Southern California based mail-order company. Harbor Freight is still owned and led by founder Eric Smidt, who learned long ago that by working directly with factories he could pass the savings on to the customer without compromising on quality. The company opened its first store in 1980. Today, Harbor Freight Tools has over 1,400 stores across the country, 25,000 associates and more than 75 million customers who depend on Harbor Freight’s quality and value to earn a living, repair their homes and cars, and pursue their hobbies. With core values of excellence and continuous improvement, Harbor Freight Tools works to constantly improve the quality of its products and will introduce more than 800 new tools and accessories this year. Harbor Freight Tools is one of the nation’s fastest growing retailers, opening two new stores every week. In 2023, Forbes Magazine recognized Harbor Freight as one of the top 20 large employers in all of retail and one of the country’s top employers for veterans for the third consecutive year, as well as a top employer for women and for diversity.
O’REILLY AUTO PARTS
O’Reilly Automotive, Inc.(NASDAQ: ORLY) is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, serving both professional service providers and do-it-yourself customers. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories. Its stores offer auto body paint and related materials, automotive tools, and professional service provider service equipment. Its stores provide do-it-yourself and professional service provider customers a selection of products for domestic and imported automobiles, vans, and trucks. O’Reilly Automotive intends to be the dominant supplier of auto parts in our market areas by offering our retail customers, professional installers, and jobbers the best combination of price and quality provided with the highest possible service level. O’Reilly Auto Parts was founded in 1957 and began with one store in Springfield, Missouri. We are the dominant auto parts retailer in all of our market areas. As of March 31, 2023, the Company operated 6,029 stores across 48 U.S. states, Puerto Rico, and Mexico.
Headquartered in Atlanta, The Aaron’s Company, Inc. (NYSE: AAN) is a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions of appliances, electronics, furniture, and other home goods across its brands: Aaron’s, BrandsMart U.S.A., BrandsMart Leasing, and Woodhaven. Aaron’s offers a direct-to-consumer lease-to-own solution through its approximately 1,260 Company-operated and franchised stores in 47 states and Canada, as well as its e-commerce platform. BrandsMart U.S.A. is one of the leading appliance retailers in the country with ten retail stores in Florida and Georgia, as well as its e-commerce platform. BrandsMart Leasing offers lease-to-own solutions to customers of BrandsMart U.S.A. Woodhaven is the Company’s furniture manufacturing division. Charlie Loudermilk, Aaron’s founder, developed a unique lease-to-own model with a vision to fill a void for the underserved customer by providing them the best deal on the highest quality products. Aaron’s services are available through multiple channels to approximately 40-50 percent of the U.S. population who make less than $50,000 annual household income.
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