Description

Stirling Investment Advisors presents a value-add opportunity in Minden, Louisiana, featuring Park City Shopping Center, a 66,684-square-foot multi-tenant retail property with significant upside potential. Currently 59% occupied, the center offers the ability to increase income through lease-up strategies and potential conversion of existing leases to triple-net structures. Anchored by a long-standing, top-performing Dollar General, the tenant mix includes a diverse range of national, regional, and local users such as Advance America, Minden Medical Center, and H&R Block, creating a stable yet expandable income base. Built in 1985 and situated on 4.91 acres, the property includes paved parking and strong visibility via a prominent pylon sign. Priced attractively at $55 per square foot—well below replacement cost—the asset is positioned within a strong retail corridor along Homer Road (U.S. Route 79), surrounded by major national retailers including McDonald’s, Brookshire’s, Walmart, Tractor Supply Co., CATO, and T-Mobile. With traffic counts of approximately 10,920 vehicles per day and a location in Minden, the parish seat of Webster Parish, roughly 28 miles east of Shreveport, the property is well-placed for continued growth and leasing momentum.