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Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, Walmart Shadow Center at 915 E. LaSalle Street, Ville Platte, LA 70586 is a 25,400-square-foot retail strip center on 2.47 acres shadow-anchored by a Walmart Supercenter. Built in 2006, the center is 54% occupied by five tenants, with national tenants AT&T, Pizza Hut, and Anytime Fitness occupying 28% of GLA alongside Royal Beauty Supply and Community Loans. AT&T has been in place since 2006 and Anytime Fitness since 2010. Three vacant suites totaling 11,600 square feet, including an 8,000-square-foot space, give a new owner a direct lease-up path. All leases are structured NNN, with tenants reimbursing their pro rata share of taxes, insurance, and CAM plus a 15% administrative fee on CAM. Walmart owns its store, which is the only Walmart within a 35-mile radius and draws 1.3 million annual visits, up 10.7% over three years. The shopping center records 1.7 million annual visits, ranking as the most visited in Ville Platte, and pulls from a trade area extending more than 15 miles. Neighboring retailers include Sonic, Murphy USA, Dollar Tree, McDonald's, and O'Reilly Auto Parts.
Due Diligence
Location
Walmart Shadow Center sits at 915 E. LaSalle Street in Ville Platte, Louisiana, the seat of Evangeline Parish, adjacent to the city's Walmart Supercenter. Sonic, Murphy USA, Dollar Tree, and McDonald's operate nearby, along with Mercy Regional Medical Center. With no other Walmart within 35 miles, the location serves as the primary retail draw for the surrounding parish.
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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.
