- For Sale $6,825,000
- Property Type Retail
- Property Size 133,887 SF
- Lot Size 11.43 Acre
- Parking Spaces Avail. 568
- Parking Ratio 4.24 / 1,000 SF
- Date Updated Apr 2, 2026
Description
Danville Plaza is a value-add shopping center located in the heart of Monroe, Louisiana. Roses recently relocatedand expanded into the anchor space, confirming their commitment to the market. With new ten-year termsexecuted by both Home Outlet (EC Barton) and Roses, combined with the other four national retailers, makesDanville a center of stability and upside. The only non-national retailer is Gonzalez, which is a four-unit regionalMexican restaurant. They opened in January 2026 and signed a seven-year lease. The Roses space has a brand newTPO roof, and the Home Outlet, Shoe Show, and Cititrends roof is also TPO and approximately five years old. Thereis still 15,000 sq/ft left to lease, so investors can enjoy solid cash flow with the ability to improve NOI through leaseup.Outparcel in front of Roses is included in the sale, but the outparcel in front of the Home Outlet and thePopeye’s are not included. Contact agent for additional details.
False
Contacts
Maestri-Murrell Real Estate
Location
Maestri-Murrell Real Estate