LAKEWOOD PLAZA – Situated on roughly 6.81 Acres, the 27,193 Square Foot shopping center was constructed in 1981 and fully renovated in 2013.
The property is anchored by Dollar Tree, other tenants include Hibbett Sports, Louisiana Office
of Motor Vehicles, Napoli Pizza, PCNO Driving School, and Goldstar Beauty Supply. The tenant
mix provides for stable cash flow for new investors, as well as significant upside by developing
out the included 2 acre lot attached to the center.
All tenants are currently paying below market rents, allowing further capitalization from the opportunity to increase rents and capturing current development opportunity, creating significant upside.