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Tarpon Heights Shopping Center
16201 East Main Street Cut Off, LA 70345
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Investment Highlights
- Property Price - $2,830,000
- Anchored Retail Center One Hour From New Orleans
- Anchored by Stage, Dollar General, Fastenal, & Hibbett Sports - All Renewed or Extended Recently
- Strong Anchor Sales; Regions Outparcel (Not Included) has over $50 Million in Deposits
- Severely Under Retailed Market- Only 12 Sqft. Feet Retail Per Capita Versus National Average of 54
- Value-Add by Leasing Vacancy and Outparcel
- Major Area Industries: Oil, Boat Construction, Fishing, Algriculture
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Marcus & Millichap is pleased to present Tarpon Heights Shopping Center, a 57,870 square foot retail plaza in Cut Off, Louisiana. Tarpon Heights is approximately one hour southwest of New Orleans, and it is the closest retail center to Port Fourchon, some 37 miles away, through which some 20 percent of the United States’ oil flows. The area serves as a hub for all Gulf-related maritime industries, particularly deep water oil drilling, ship building, and commercial and sport fishing.
Tarpon Heights has 8 tenants, 7 of which are national, regional, or multi-unit local operators. There is also a strong value-add opportunity by leasing the vacancy and building an out-parcel for which a tenant has already been identified.
Tarpon is located in a high occupancy, severely under retailed market, with less than a quarter of the retail square feet per capita of the national average. There are also three new flagged hotels being developed across the street from Tarpon, Tarpon Heights offers a stable investment combined with a strong value-add component.
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Marcus & Millichap
5201 Blue Lagoon Drive
Suite 100
Miami, Florida 33126
www.MarcusMillichap.com
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Jonathan Gerszberg
Vice President Investments
Miami
(786) 522-7022
JGerszberg@marcusmillichap.com
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William Hoffpauir
Broker of Record
Lafayette, Louisiana
(337) 231-5174
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