Monroe, LA - Skechers & Squires

Description:

SRS National Net Lease Group 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.

The subject property is ideally located near the junction of Interstate 20 (60,500 VPD) and Highway 165 (41,600 VPD), providing ease and convenience for customers. The asset is strategically positioned as an outparcel to Pecanland Commons, a 125,000 square foot regional shopping center anchored by Target and Ross, significantly increasing consumer traffic to the center. Furthermore, Pecanland commons is adjacent to Pecanland Plaza (111,801 SF) and Pecanland Mall (964,123 SF), with notable tenants including Kohl’s, Best Buy, TJ Maxx, Dick’s, and more. The asset is in the center of a primary retail corridor with other nearby national/credit tenants including Sam’s Club, Walmart Supercenter, Home Depot, Lowe’s, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. Moreover, the site is within walking distance from Wossman High School (600+ students) and less than 3 miles south of Louisiana Delta Community College (2,600+ students), providing a direct consumer base from which to draw. The 5-mile subject trade area is supported by more than 74,900 residents and 72,700 daytime employees with an average household income of $60,165.