For Auction
Value Add Grocery Anchored Center | NOI: $151,342 I 78% Occupied
Homer, LA 71040Represented by
Brookwood Capital
Asset Snapshot
Offering Summary
- NOI: $151,342 with 78% occupied I Value Add Deal
- Major Capital Improvement: 88% of the roof is new with TPO and roll roofing, and new parking lot as of 2020
- Recession resistant shopping center: 60% of the tenants have occupied more than 18 years providing stability
- Bite size deal allowing buyers to buy a grocery anchored center at a low price point
- 22% vacancy, value add deal
Offering Details
Brookwood Capital Advisors and RI Marketplace are pleased to present this Value Add Grocery Anchored Center | NOI: $151,342 I 78% Occupied (the "Property"), a ±33,793 SF retail opportunity in Homer, Louisiana. The Property is anchored by Firesale Grocery, and feautures multiple tenants that have occupied this center for over a decade. In addition to the stabilized tenancy, 22% of the gross leasable area is vacant so there is potential for immediate upside through the lease-up of this space. The Property has recent capital improvements including new HVAC in 2020 in anchor space, extensive roof renovations with 88% of the roof replaced as of 2020, and new asphalt as of 2020 as well.
Homer, Louisiana is a town in and the county seat of Claiborne County. Homer is located in northern Louisiana and near US-79 which connects the town to both Arkansas and Texas. The main industries in the area are health care, retail trade, and manufacturing.
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5% or $25,000 minimum
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
