Hickory Ridge Plaza | 100% Occupied Multi-Tenant Retail Asset

The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an opportunity to acquire a fully-leased five-tenant retail asset  anchored by Family Dollar and Anytime Fitness. Located in Sterlington, LA, the plaza has a mixed tenant base which provides excellent crossover store exposure. The tenants include Family Dollar (over 7,300 locations across the US, NASDAQ: DLTR), Anytime Fitness (over 2,300 gyms nationally), The Gonzalez Mexican Restaurant (5 locations across Louisiana), Dr. Coughran MD (full-service medical clinic), and Eskamoe’s Frozen Custard (4 locations across Louisiana). With nearly all the tenants subject to net leases with options to renew, this property is ideal for investors looking for present and future passive cash flow.

The 20,860 SF building (aggregate SF) is situated on a 1.86 acre parcel near the signalized intersection of US-165 (21,550 VPD) and LA-134. It is surrounded by the city’s three public schools (Sterlington Elementary, Middle, and High School), acting as an important central retail hub for local families. It is also located less than .64 mi from the $32M, 18-acre development Gardens at Somerset, a multi-generational living community that was completed in 2021. 

This is an excellent opportunity to own a fully-stabilized, multi-tenant retail asset. With limited landlord responsibilities and nationally-recognized tenants, this property is poised to provide stable and worry-free income for years to come. 

Available