Heritage Parkway Shopping Center

Overview

eXp Realty is proud to present Heritage Plaza for sale in Broussard, LA to well-qualified investors. The owner of this property is a mult-family investor/operator and is divesting its non-core assets to focus on their investment strategy. There has been very strong leasing activity this year, with 8 out of the 11 bays leased or renewed in 2024!Offered at an in-place cap rate of 9.4% including a value of $150,000 for the excess land. Factoring out the land value, this is over a 10% cap rate. The excess land has it's own dedicated access at the southern border of the property.Note that the agent has a significant ownership interest in the property.