East Town Shopping Center

Highlights:

• Value-Add, 65,636-Square-Foot, Grocery-Anchored Retail Center
• Tenant Base is a Complementary Mix of National and Regional Brands | 13% of GLA Leased to Dollar Tree and Family Dollar (Dark), Both Publicly Traded (NASDAQ: DLTR)
• Anchored by Long-Term Lease with Market Basket (60+ Years) | Tenant Recently Exercised an Early Five-Year Lease Renewal, Demonstrating Continued Commitment to the Location
• 71% physically occupied and 91% economically occupied (including dark Family Dollar), with a mix of lease types and strong upside through lease‑up and conversion to triple‑net
• Landlord Reports New Roof Installed in 2015 with a 15-Year Warranty | Other Recent Property Improvements Include Partial Parking Lot Repaving and Exterior Painting Completed in 2023
• Located on 3rd Avenue, Near Signalized Intersection with U.S. 90 (Broad Street) | U.S. 90 is a Major East-West Thoroughfare with Traffic Counts Exceeding 11,229 Vehicles per Day

Description:

Ri Marketplace Online Auction April 13th-15th, 2026
Register to bid on Marketplace:

https://rimarketplace.com/auction/3056/east-town-shopping-center?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_3056

Marcus & Millichap is pleased to present the opportunity to acquire a grocery-anchored, 65,636-square-foot, multi-tenant retail center located in Lake Charles, Louisiana. East Town Shopping Center is currently 71% physically occupied while collecting rent on 91% of the gross leasable area, offering immediate in-place income with additional upside through backfilling vacancy and converting existing gross and base-year leases to triple-net structures.

Anchored by Market Basket, a tenant at the center for over 60 years, the property features a complementary mix of national and regional tenants including Simply 10, Dollar Tree, Hibbett Sports, and Family Dollar (currently dark). East Town Shopping Center is situated on 5.144 acres with ample paved parking. The landlord reports a new roof was installed in 2015 with a 15-year warranty. Additional recent improvements include partial parking lot repaving and repairs, along with exterior painting completed in 2023.


Lamar P. Fisher
Fisher Auction Company Inc.
License: 1983
Co: AB-424
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Documents: