Skechers Pad to Target | NNN Leases 4301 Pecanland Mall Dr 9,371 SF 100% Leased Retail Building Monroe, LA 71203 $3,857,056 CAD ($411.59 CAD/SF) 6.50% Cap Rate

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INVESTMENT HIGHLIGHTS

Strong Tenant Lineup | 100% Occupied | NNN Leases
Pecanland Commons (125,000 SF) | Pecanland Plaza (111,801 SF) | Pecanland Mall (964,123 SF)
Strong Demographics in 5-Mile Trade Area

Interstate 20 (60,500 VPD) | Highway 165 (41,600 VPD) | Louisiana Delta Community College (2,600 Students)
Dense Retail Corridor | Strong National/Credit Tenants |

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 100% occupied, NNN leased, two-tenant retail investment property in Monroe, Louisiana. The property is divided into two suites with Skechers occupying 8,072 SF and Squires utilizing the remaining 1,300 SF. The offering consists of a strong tenant lineup, creating a stabilized, income stream for a new investor. Skechers has approximately 7 years remaining on its lease, and Squires has approximately 3 years remaining. Both tenants operate under leases which are NNN in nature, limiting expense leakage for a future investor.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

9,371 SF

Building Class

Year Built

2004

Price

$3,857,056 CAD

Price Per SF

$411.59 CAD

Cap Rate

6.50%

NOI

$250,738 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.22

Lot Size

0.99 AC

Opportunity Zone

Yes

Zoning

B3 - General Buisness / Commercial District

Parking

35 Spaces (3.73 Spaces per 1,000 SF Leased)

AMENITIES

Corner Lot
Dedicated Turn Lane

Freeway Visibility
Pylon Sign

Signage

Signalized Intersection

Retailer
99,999 SF
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A Fortune 500® company headquartered in Southern California, Skechers has spent years helping men, women and kids everywhere look and feel good. Developing comfort technologies is at the foundation of all that they do—delivering stylish, innovative, and quality products at a reasonable price. From their diverse footwear offering to a growing range of apparel and accessories, Skechers is a complete lifestyle brand. With international business representing over half of their total sales, Skechers has products available in multiple countries and significant opportunities for continued expansion worldwide. Skechers sells their collections direct to consumers through around the globe and Skechers e-commerce sites, as well as through a network of third-party partners.

Rental and Leasing Services
99,999 SF
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Squires Formalwear has been providing quality formalwear and excellent customer service for over 56 years. Established in 1960, with a single location in Shreveport, La, Squires now operates 15 locations throughout Louisiana with additional stores in Texarkana, TX., Waco, TX., and Flowood, MS. Squires offers over 40 tuxedo styles including the latest in designers and traditional tuxedos.