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Village Oaks Strip Center 18539 LA-22 20,569 SF 100% Leased Retail Building Ponchatoula, LA 70454 $2,250,000 ($109.39/SF) 7.64% Cap Rate
Investment Highlights
- Fully occupied neighborhood retail center
- Income stream is anchored by Snap Fitness
- Surrounded by continued residential growth
- Strategically located along the Highway 22 corridor
- Double drive-thru capacity
- Benefits from strong visibility
Executive Summary
Village Oaks Strip Center is a fully occupied, 13-suite neighborhood retail center strategically located along the Highway 22 corridor in Ponchatoula. The property's income stream is anchored by Snap Fitness, which occupies five suites, and is further supported by a diverse mix of retail, office, restaurant, and service-oriented tenants. Purpose-built features throughout the center-including restaurant-ready spaces with grease traps, a drive-thru component, and professional office buildouts, enhance tenant demand and provide long-term leasing flexibility. This building has double drive-thru capacity, with one tenant currently utilizing the drive-thru in Suite M. Surrounded by continued residential growth and established commercial development, Village Oaks benefits from strong visibility, excellent accessibility, and proven market fundamentals. The asset offers investors immediate cash flow and the opportunity to acquire a stabilized retail center in one of Tangipahoa Parish's most active growth corridors.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
20,569 SF
Building Class
C
Year Built
2012
Price
$2,250,000
Price Per SF
$109.39
Cap Rate
7.64%
NOI
$171,847
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
1.66 AC
Zoning
C-2 - Commercial
Parking
96 Spaces (4.67 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Tenant Controlled HVAC
- Drive Thru
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 06319696 | Improvements Assessment | $49,238 |
| Land Assessment | $0 | Total Assessment | $49,238 |
Property Taxes
Parcel Number
06319696
Land Assessment
$0
Improvements Assessment
$49,238
Total Assessment
$49,238
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