Crowder Retail Center

Price: $3,717,000
Sq. Ft.: 31,913
Cap Rate: 8.25%
Built: 2015

The subject property is a 31,913-square foot multi-tenant retail center in New Orleans, Louisiana. The center is 92 percent occupied, and all leases are triple-net. Anchored by Planet Fitness, other tenants consist of LA Nail & Spa, Sports Zone, Young Fashions, Cell One Store and Pizza Hut. Originally built in 1980, the property was completely redeveloped in 2014 inside and out, including new roof and parking lot. The center is situated on 2.35 acres.