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East Town Shopping Center - Lake Charles, LA 929 3rd Ave

65,636 SF 100% Leased Retail Building Lake Charles, LA 70601 £2,549,984 (£39/SF) 8.76% Net Initial Yield

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Investment Highlights

Anchored By Market Basket Since 1963 - a Strong Regional Grocer With 45 Locations
National Tenant Mix - Family Dollar, Dollar Tree and Newly Signed Hibbett Sports
Strong Secondary Market Demographics: 51K Residents in a 3- Mile Radius

Market Basket Has Shown Incredible Commitment to the Site, Having Occupied the Property For Over 60 Years
Low Price Per/SF Acquisition Opportunity - $48.75/SF
Property Has Been Professionally Managed With Very Little Deferred Maintenance - Ownership Recently Spent Over $150K on Upgrades to the Center

Executive Summary

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 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.

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

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Supermarket

Building Size

65,636 SF

Building Class

Year Built

2000

Price

£2,549,984

Price Per SF

£39

Net Initial Yield

8.76%

NOI

£223,493

Percent Leased

100%

Tenancy

Multiple

Number of Floors

Amenities

Signage

MAJOR TENANTS

Dollar Tree
Retailer
8,690 SF
£4.39
-
Aug 2026

Family Dollar (Dark)*
Retailer
12,852 SF
£3.54
NNN
Jun 2027

Hibbett Retail
Retailer
5,484 SF
£11.20
NNN
Aug 2027

Market Basket
Retailer
24,000 SF
£2.68
NNN
Oct 2026

Simply 10
Retailer
8,400 SF
£4.56
-
Feb 2035

Tenant	Industry	SF OCCUPIED	RENT/SF	Lease Type	Lease End
Dollar Tree	Retailer	8,690 SF	£4.39	-	Aug 2026
Family Dollar (Dark)*	Retailer	12,852 SF	£3.54	NNN	Jun 2027
Hibbett Retail	Retailer	5,484 SF	£11.20	NNN	Aug 2027
Market Basket	Retailer	24,000 SF	£2.68	NNN	Oct 2026
Simply 10	Retailer	8,400 SF	£4.56	-	Feb 2035