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929 3rd Ave
Lake Charles, LA 70601

$3,200,000 USD

Supermarket For Sale  •  65,636 SF

Property Details

• Property Type Supermarket
• Total Building Size 65,636 SF
• Building Class B
• Year Built 2000
• Cap Rate 8.76 %
• Tenancy Multiple

0 Transit Score

39 Walk Score

Highlights

Anchored By Market Basket Since 1963 - a Strong Regional Grocer With 45 Locations

Market Basket Has Shown Incredible Commitment to the Site, Having Occupied the Property For Over 60 Years

National Tenant Mix - Family Dollar, Dollar Tree and Newly Signed Hibbett Sports

Low Price Per/SF Acquisition Opportunity - $48.75/SF

Strong Secondary Market Demographics: 51K Residents in a 3- Mile Radius

Property Has Been Professionally Managed With Very Little Deferred Maintenance - Ownership Recently Spent Over $150K on Upgrades to the Center

Cap Rate:

8.76 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Dollar Tree	8,690 SF	8/31/2026
Family Dollar (Dark)*	12,852 SF	6/30/2027
Hibbett Retail	5,484 SF	8/31/2027
Market Basket	24,000 SF	10/31/2026
Simply 10	8,400 SF	2/1/2035

Amenities

• Signage

Public Transportation

Commuter Rail	Drive	Walk	Distance
Lake Charles (Sunset Limited - Amtrak)	4 min	-	2.1 mi
Airport	Drive	Walk	Distance
Lake Charles Regional	17 min	-	8.6 mi