East Town Shopping Center

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 Located at 929 3rd Avenue in Lake Charles, LA. This Deal is Anchored By Market Basket Since 1963 – a Strong Regional Grocer With 95 Locations and This Deal Has National Tenant Mix – Family Dollar, Dollar Tree and Newly Signed Hibbett Sports.

  • Value-Add Grocery Opportunity – 77% Occupancy: Two Vacant Units (8,400 SF and 6,210 SF) Providing For Immediate Upside
  • Anchored By Market Basket since 1963 – a Strong Regional Grocer With 65 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 – $47.93/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 $60K on Upgrades to the Center

In Cooperation With Sands Investment Group Louisiana, LLC – Lic. #BROK.0995702111-CORP BoR: Andrew Ackerman – Lic. LA #BROK.0995700567-ACT

View Similar Investment Opportunities

Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities