SRS Real Estate Facilitates $9M Sale of Gulf Coast Retail Property

SRS Real Estate Partners’ National Net Lease Group has arranged the $8.9 million sale of a 62,297-square-foot retail property occupied by Winn Dixie in LaPlace, LA.

Situated on seven acres at 1830 W. Airline Highway, the property features a long-term, absolute triple-net lease that is corporate guaranteed by Winn-Dixie Stores Inc. The property also features a large pylon sign for excellent visibility and is nearby to other national tenants including Walmart Supercenter, The Home Depot, PetSmart and Dollar General.

Sean Lutz and Dan Elliot of SRS represented the seller, a private investor from Baton Rouge, in the transaction. The buyer was a family office also from Baton Rouge.