Marcus & Millichap is pleased to present the opportunity to acquire a stabilized 9,540-square-foot, multi-tenant retail center located in Morgan City, Louisiana. Bayou Vista Plaza is currently 100 percent occupied, and all leases are triple-net providing limited landlord responsibilities. The tenant base is a complementary mix of retailers, and 81 percent of the gross leasable area is leased to national tenants. Anchored by CATO, other tenants include GameStop and Twisted Exotic Tobacco. Additional income is derived from a lease with Action Advertising billboard, America’s Thrift Stores donation recycle bin, and a Gulf Ice kiosk located in the parking lot. The building is situated on 0.99 acres with a double-sided pylon sign providing additional exposure to the center.
The subject property is located on U.S. Highway 90 (U.S. Route 90), a major east-west thoroughfare. Traffic counts are approximately 32,285 vehicles per day in front of the property. Bayou Vista Plaza is shadow-anchored by Walmart Supercenter, driving approximately 1.9 million visits annually. Numerous other national and regional tenants are in the surrounding area, including Harbor Freight Tools, O’Reilly Auto Parts, Tractor Supply Co., Burger King, McDonald’s, Taco Bell, Hibbett Sports, Dollar Tree, Shoe Dept., T-Mobile, Anytime Fitness, and more. The subject property is also in close proximity to multiple hotels and school campuses providing additional traffic to the area. The 10-mile population is approximately 32,443 residents having an average household income of $61,346.
- 9,540-Square-Foot, Three-Tenant Retail Center | Shadow-Anchored by Walmart Supercenter | High Traffic Driver Hosting 1.9 Million Visits Annually
- 81% of the GLA is Leased to Publicly Traded Companies: CATO (NYSE: CATO) and GameStop (NYSE: GME) | Long-Term Tenants in the Center for 28 and 19 Years, Respectively
- Additional Income From a Billboard Lease, America’s Thrift Stores Donation Bin, and Gulf Ice Kiosk
- Building has a Metal Roof | Landlord Reports LED Upgrades were Installed in 2023
- Located on U.S. Highway 90 (U.S. Route 90), a Major East-West Thoroughfare | Multiple Ingress and Egress Points | Traffic Counts in Front of the Property Are Approximately 32,285 Vehicles per Day
- Close Proximity to Numerous National and Regional Retailers Include Harbor Freight Tools, O’Reilly Auto Parts, Tractor Supply Co., Burger King, McDonald’s, Taco Bell, Hibbett Sports, Dollar Tree, Shoe Dept., T-Mobile, Anytime Fitness, and More
- Neighboring Hotels and School Campuses Provide Additional Traffic to the Area
- Average Household Income is $68,853 within a Three-Mile Radius; $62,798 within a Five-Mile Radius; and $61,346 within a Ten-Mile Radius
- Morgan City is Located 68 Miles Southeast from Lafayette, 64 Miles South of Baton Rouge, and 86 Miles West of New Orleans
- Diverse Economy | Includes Onshore and Offshore Drilling, Production and Support Services for the Oil and Gas Industry
