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Madison Plaza Shopping Center 2031 E Madison Ave

115,203 SF 100% Leased Retail Building Bastrop, LA 71220 £3,329,025 (£29/SF) 9.42% Net Initial Yield

Investment Highlights

  • Developable excess land included.

Executive Summary

The Madison Plaza Shopping Center is a 115,203 square foot retail center situated along Madison Avenue in the heart of Bastrop. Madison Plaza is located along one of the busiest roadways in the city with the property boasting 538 feet of frontage along E. Madison Avenue.
84.1% occupancy - 65% national credit tenants
National credit tenants include Dollar General, Citi Trends, Hibbett Sports, Harbor Freight Tools, U.S. Agencies and Affordable Home Furnishings.
Dollar General set to commence new 10-year lease term
Developable excess land included

Attachments

Madison-Plaza-OM-10.21.24

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
115,203 SF
Building Class
C
Year Built
1985
Price
£3,329,025
Price Per SF
£29
Net Initial Yield
9.42%
NOI
£313,594
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.18
Lot Size
14.39 AC
Parking
426 Spaces (3.7 Spaces per 1,000 SF Leased)

Links

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Nearby Major Retailers

b1Bank
Huddle House
Regions Bank
Anytime Fitness
Cadence Bank

PROPERTY TAXES

Parcel Numbers
Multiple
  • 200509285
  • 200189700
 Improvements Assessment £141,199
Land Assessment £37,179 Total Assessment £178,379

PROPERTY TAXES

Parcel Numbers
Multiple
  • 200509285
  • 200189700
Land Assessment
£37,179
Improvements Assessment
£141,199
Total Assessment
£178,379
(504) 274-2701

Contacts

  • Listing ID: 33704568

  • Date on Market: 31/10/2024

  • Last Updated:

  • Address: 2031 E Madison Ave, Bastrop, LA 71220

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© 2024 CoStar Group

Madison Plaza Shopping Center | 2031 E Madison Ave
(504) 274-2701 x

Madison Plaza Shopping Center | 2031 E Madison Ave

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Louis Lebourgeois IV

(504) 274-2701

(504) 274-2701

Chris Dozier

(504) 274-2701

(504) 274-2701

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