RDO INVESTMENTS
Walmart Shadow Anchor Ville Platte SHOPPING CENTER Ville Platte, Louisiana
OFFERED BY:
RYAN D. O’CONNELL
P. 602.595.4000 [email protected]
Listed in conjunction with Louisiana Broker Beau Box Beau Box Commercial Real Estate BROKER OF RECORD License No. BROK.0000072498.A-CORP
Office 602.595.4000 Fax 602.467.3218 ・ 3219 East Camelback Road ・ Phoenix, Arizona 85018 ・ www.RDOinvestments.com RDO INVESTMENTS
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from RDO Investments, LLC and should not be made available to any other person or entity without the written consent of RDO Investments, LLC. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. RDO Investments, LLC has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, RDO Investments, LLC has not verified, and will not verify, any of the information contained herein, nor has RDO Investments, LLC conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
All properties visits are by appointment only. PROPERTY SUMMARY RDO INVESTMENTS
PROPERTY TYPE: Walmart Shadow Anchor Multi-tenant Strip Center
TENANT(s): Dollar Tree Verizon AT&T Anytime Fitness Pizza Hut Community loans Royal Beauty Supply Cricket Wireless
LOCATION: 925 E. LaSalle Street Ville Platte, Louisiana 70586
LEASE TYPE: Modified Net
LIST PRICE: $3,483,000
CAP RATE: 8.0%
NET OPERATING INCOME: $278,641.
OCCUPANCY : 100%
CONSTRUCTION: Block/Stucco
YEAR BUILT: 2006
SQUARE FOOTAGE: 25,400 SF
LAND AREA: 2.47 Acres
FINANCING: Delivered Free & Clear
______RDOINVESTMENTS.COM PROPERTY SUMMARY RDO Ville Platte Shopping Center – Ville Platte, LA INVESTMENTS
PROPERTY OVERVIEW:
The subject property is an approximate 25,400 +/- rentable square foot shopping center located on the north side of E. LaSalle Street just east of Tate Cove Road in Ville Pla e, Louisiana. The property sits on a 2.47 acre parcel to a Walmart Super Center. Other Walmart outparcels include Sonic, and Murphy USA. Other retailers in the area include, McDonalds, Hibbe Sports, Stage, O’Reilly Auto Parts, Dollar General, Popeye's, Subway and Burger King. The subject property was developed in 2006. The Property is currently 100% occupied with Eight Tenants.
Ownership installed a new roof in 2019 which comes with a long term warranty.
LOCATION OVERVIEW:
Ville Pla e is a small city and the parish seat of Evangeline Parish, Louisiana, United States. The city's name is French roughly transla ng to "flat city", in reference to its rela vely flat topography in contrast to the more hilly terrain north of the area.
Ville Pla e has a large trade area directly in between Alexandria to the north and Lafaye e to the south.
Ville Pla e is located at the heart of Louisiana's Cajun country. The town is famous for its smoked meat and swamp pop music, and bills itself as "Smoked Meat Capital of the World". Ville Pla e has been officially designated by the Louisiana Legislature at the "Swamp Pop Capital of the World," recognizing the town's "long, rich history of fostering the development of swamp pop music."
Ville Pla e has significant Creole and Cajun cultural associa ons (cuisine, music, language etc.). It lies at the northern point of the "French Triangle" with a significant francophone popula on residing in the city as well as the parish. It is one of the birthplaces of the Afro-creole zydeco music that has become one of the signatures of Louisiana culture throughout the world, as well as the Choctaw-Mé s tradi on of "viande boucanee" or smoked meat.
Based upon the 2010 Census, the national demographics consulting firm Applied Geographic Solutions has estimated that for 2019 there are approximately 22,788 residents and 9,495 households with a ten-mile radius of the Property. According to Claritas, the average household income with a ten-mile radius of the Property was estimated to be $48,860.
______RDOINVESTMENTS.COM TENANT OVERVIEW RDO Ville Platte Shopping Center – Ville Platte, LA INVESTMENTS
Dollar Tree (NASDAQ: DLTR) Dollar Tree, Inc. operates discount variety stores in the United States and Canada. Its stores offer merchandise at the fixed price of $1.00. The company's stores provide consumable merchandise, which includes candy and food, and health and beauty care products; and everyday consumables, such as paper and chemicals, and frozen and refrigerated food. Its stores also offer various merchandise that include toys, durable housewares, gi s, party goods, gree ng cards, so lines, and other items; and seasonal goods consis ng of Valen ne's Day, Easter, Halloween, and Christmas merchandise. The company operates its stores under the names of Dollar Tree, Deal$, Dollar Tree Deal$, Dollar Tree Canada, Dollar Giant, and Dollar Bills. It operates approximately 5,080 stores. The company was founded in 1986 and is based in Chesapeake, Virginia.
Pizza Hut is an American restaurant chain and interna onal franchise, known for its Italian-American cuisine menu including pizza and pasta, as well as side dishes and desserts. The company has over 15,000 loca ons worldwide as of 2015, and is a subsidiary of Yum! Brands, Inc., one of the world's largest restaurant companies.
This loca on is guaranteed by America' Pizza Company, LLC which was founded in 1998 with the acquisi on of 23 Pizza Hut restaurants in Louisiana. APC has since grown to 127 loca ons, consis ng of Louisiana, North and South Carolina, Ohio and Texas.
Any me Fitness is a 24-hour health and fitness club. The company operates over 3,000 franchised loca ons in 20 countries and 2 million clients. The gym facili es are open 24 hours a day, 365 days out of the year. Members have secure access to facili es including unstaffed hours with a computerized key fob. There are gym loca ons in all 50 US states, Canada, Mexico, Australia, New Zealand, United Kingdom, Ireland, Grand Cayman, Poland, the Netherlands, Spain, Qatar, India, Chile, Japan, Singapore, Malaysia and the Philippines. Any me Fitness is based in Woodbury, Minnesota. According to Forbes, Any me Fitness was the fastest growing health club franchise in 2014.In 2015, Entrepreneur Magazine ranked Any me Fitness first on its global franchise list.
Verizon Wireless /A Wireless is a Verizon Authorized Retailer, a dis nc on given to only a select few retailers. A Wireless is a full service wireless retailer, our mission is to provide our customers with the best customer service experience, the latest products, integrity, and accountability in the industry.
A Wireless was founded as a partnership by Richard and David Balot in October 1996 in Wilson, North Carolina. We were incorporated as ABC Phones of North Carolina, Inc. in 1999. A Wireless is an exclusive Na onal Authorized Retailer for Verizon Wireless. This rela onship gives them financial and strategic benefits which we share with our customers on an ongoing basis. A Wireless is a privately-held company headquartered in Greenville, North Carolina. We currently employ over 5,500 people at over 1100 loca ons in over 45 states.
______RDOINVESTMENTS.COM TENANT OVERVIEW RDO Ville Platte Shopping Center – Ville Platte, LA INVESTMENTS
AT&T Mobility LLC, formerly known as Cingular Wireless and marketed as simply AT&T, is a wholly owned subsidiary of AT&T that provides wireless services to 135 million subscribers in the United States including Puerto Rico and the U.S. Virgin Islands. AT&T Mobility is the second largest wireless telecommunica ons provider in the United States and Puerto Rico behind Verizon Wireless.
Originally known as Cingular Wireless from 2000 to 2007, a joint venture between SBC Communica ons and BellSouth, the company acquired the old AT&T Wireless in 2004; SBC later acquired the original AT&T. Cingular became wholly owned by AT&T in December 2006 as a result of AT&T's acquisi on of BellSouth. In January 2007, Cingular confirmed it would re-brand itself under the AT&T name.
This site is run by Willis Communica on a mul -unit AT&T operator throughout Louisiana.
Cricket Wireless/Fast Fron er, Cricket Wireless LLC, simply known as Cricket Wireless or Cricket, is a wholly owned subsidiary of AT&T, that provides wireless services to 10 million subscribers in the United States. Cricket Wireless was founded in March 1999 by Leap Wireless Interna onal. AT&T acquired Leap Wireless Interna onal in March 2014 for $1.2 billion, which merged Cricket Wireless with Aio Wireless. Before AT&T's acquisi on, the company had 4.5 million subscribers.
Cricket's first market was Cha anooga, Tennessee, in 1999 and through much of its early growth became known as a network focused on small, rural markets.
The lease is guaranteed by Fast Fron er LLC and is one of the fastest growing Cricket Wireless Authorized Retailers in the na on. Their mission is to deliver excep onal services and products that exceed their customer's expecta on. Therefore, they train and strive to meet this goal daily through their people. They are commi ed to providing their employees with the tools and products necessary to achieve success through personal and professional development.
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______RDOINVESTMENTS.COM CONTACT Ville Platte Shopping Center – Ville Platte, LA RDO INVESTMENTS
Ryan D. O’Connell Principal RDO Investments, LLC 3219 East Camelback Road Phoenix, Arizona 85018 P. 602-595-4000 F. 602-467-3218 M. 602-790-9036 E. [email protected]
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