The Plaza Shopping Center

The Plaza Shopping Center

2810 Louisville Ave
Monroe, LA

Price: $13,645,000
Cap: 7.00%
NOI: $955,123
Building Size: 96,765 SF
Lot Size: 8.32 AC

Investment Highlights

GROCERY ANCHORED RETAIL OFFERING
• The Plaza One Shopping Center is a 96,765 square foot Super 1 Foods anchored retail center located in Monroe, LA
• Super 1 Foods has been in this location for 35 years and just executed a new 10- Year lease extension through 2032
• 100% Stabilized Retail Center

SUPER 1 FOODS | BROOKSHIRE GROCERY
• Super 1 Foods occupies 74% of the total shopping center and has just e xecuted a new 10-Year lease extension through 2032
• Super 1 Foods has a long history of strong performance in this center over the last 35 years and reported sales of $23,829,506 in 2021
• $330 PSF | 2 .41% Health Ratio
• Super 1 Foods is Corporately Guaranteed from Brookshire Grocery, which boasts more than $2.5 Billion in annual r evenue and has been f eatured on the Top 200 List of Private Companies as per Forbes
• The chain is a regional grocer with 49 locations across Texas, Louisiana, and Arkansas

HISTORY OF STRONG PERFORMANCE
• The Plaza One Shopping Center has been a well-known retailer to the Monroe community since 1973 and has a history of strong tenant performance
• The property is stabilized at 100% and has c onsistently high occupancy over the life of the investment
• Average Tenant Tenure (Existing Tenants) | 12 Years
• Leasing Momentum | Seller has executed 4 new leases & extensions since 2020

MONROE, LA
• Monroe is the eighth-largest city in Louisiana with a population of 47,480 and is the principal city of the Monroe MSA
• Home to the University of Louisiana Monroe (8,489 students) and Louisiana Delta Community College (4,522 Students)
• Just 10 minutes from the center is the Monroe Regional Airport, which serves the city and northeast Louisiana
• Monroe is best known for its museums, its cultural attractions, and numerous restaurants downtown and on the Ouachita riverfront

Zach Taylor
Eric Abbott
OFFERING MEMORANDUM

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