1126 Polk Street

Retail: Mixed Use

1126 Polk Street, MansfieldLA 71052

Property Details

Location

Address
1126 Polk Street, MansfieldLA 71052
County
De Soto Parish
Submarket
Parcels
0400589862

Building Size

Building Size
Rentable Space
3,225 SF

Building Details

Type
 Retail: Mixed Use
Number of Buildings
Occupancy Type
Single Tenant
Building Class
Building Status
Existing
Floors
Year Built
Sprinklers
Parking Ratio

Land & Utilities

Land (Acres)
0.86 Acres
Land (SF)
37,462 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
Lot Depth
Lot Width

Contacts

Current Listings

Single-Tenant Investment / QSR Redevelopment

3,225 SF$371,500

KW Commercial is pleased to offer for sale two (2) single-tenant investment properties located on Polk Street in Mansfield, LA, which is currently experiencing a major economic expansion due to a resurgence in Haynesville Shale natural gas production. In addition, both assets offer upside due to below market rental rates, as well as an opportunity to further develop and/or redevelop the locations to maximize the investment.

1009 Polk Street is currently leased to Glass Services, one of the region's most prominent "one stop shop for Auto, Residential and Commercial Glass." A desirable retail location on the main thoroughfare in Mansfield, the +/-3,215 SF building is situated on just under one acre of land. Although the original plan was to construct an additional service center-style building before a change in the ownership structure, a new investor has an opportunity to capitalize on this strategy, maximizing the value of this prominent retail location and income producing investment.

1126 Polk Street is currently leased to Huff Family Chiropractic. This offering is bundled with 1118 & 1122 Polk Street, which are being sold as vacant lots for redevelopment. Located at the most prominent intersection in Mansfield (Polk St. & Lake St.), this income producing investment provides an opportunity to cash flow the existing building while planning a redevelopment of all three parcels. Adjacent to McDonald's and across the street from a new urgent care being developed in front of Brookshire's, this 0.86-acre site is prime for redevelopment into a QSR.

The Haynesville Shale activity is projected to expand over the next decade in Mansfield/DeSoto Parish, which is the most active area of the natural gas field that spans across NW Louisiana and NE Texas. With a daytime population currently estimated at triple the size from a year ago, Mansfield is severely underserved in QSR dining options, small service center-style buildings, similar to the Glass Services facility, and living accommodations for the large influx of oilfield/natural gas services workers.

The culmination of this current and projected long-term activity should continue to translate into a significant increase in business for Glass Services, as well as a customer base capable of supporting the expansion of a national franchise QSR into Mansfield, for which city officials and community stakeholders have expressed strong support in helping facilitate.

See LACDB Listing #30824738 for the Glass Services investment details.

KW Commercial is pleased to offer for sale two (2) single-tenant investment properties located on Polk Street in Mansfield, LA, which is currently experiencing a major economic expansion due to a resurgence in Haynesville Shale natural gas production. In addition, both assets offer upside due to below market rental rates, as well as an opportunity to further develop and/or redevelop the locations to maximize the investment.

1009 Polk Street is currently leased to Glass Services, one of the region's most prominent "one stop shop for Auto, Residential and Commercial Glass." A desirable retail location on the main thoroughfare in Mansfield, the +/-3,215 SF building is situated on just under one acre of land. Although the original plan was to construct an additional service center-style building before a change in the ownership structure, a new investor has an opportunity to capitalize on this strategy, maximizing the value of this prominent retail location and income producing investment.

1126 Polk Street is currently leased to Huff Family Chiropractic. This offering is bundled with 1118 & 1122 Polk Street, which are being sold as vacant lots for redevelopment. Located at the most prominent intersection in Mansfield (Polk St. & Lake St.), this income producing investment provides an opportunity to cash flow the existing building while planning a redevelopment of all three parcels. Adjacent to McDonald's and across the street from a new urgent care being developed in front of Brookshire's, this 0.86-acre site is prime for redevelopment into a QSR.

The Haynesville Shale activity is projected to expand over the next decade in Mansfield/DeSoto Parish, which is the most active area of the natural gas field that spans across NW Louisiana and NE Texas. With a daytime population currently estimated at triple the size from a year ago, Mansfield is severely underserved in QSR dining options, small service center-style buildings, similar to the Glass Services facility, and living accommodations for the large influx of oilfield/natural gas services workers.

The culmination of this current and projected long-term activity should continue to translate into a significant increase in business for Glass Services, as well as a customer base capable of supporting the expansion of a national franchise QSR into Mansfield, for which city officials and community stakeholders have expressed strong support in helping facilitate.

See LACDB Listing #30824738 for the Glass Services investment details.

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CIE

Source: LACDB

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