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Browse More Listings in Retail For Sale, West Monroe, LA or Louisiana

Retail Property For Sale

Dollar General (New)

6105 Cypress Street, West Monroe, LA 71291

Price:
$860,000
Building Size:
9,014 SF
Price/SF:
$95.41
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Additional Sub-types:
Street Retail
Retail (Other)
Property Use Type:
Net Lease Investment with 10+ years left on lease
Commission Split:
2%
Cap Rate:
7.75%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Year Built:
2008
Lot Size:
1.03 AC
Find Out More...

Last Verified 9/4/2009 Listing ID 15894752

Highlights

New Dollar General (Lease commenced on January 29, 2008)
National corporation tenant (Dolgencorp, Inc.)
Ten year base lease & 3 five-year options to renew. 10% rent increase each option

NN lease with tenant paying for taxes, insurance, & maintenance & landlord only responsible for structural portions of building
Current NOI is $66,600
7.75% cap rate

Description

This is a New Dollar General (National corporation tenant) investment property and the lease commenced on January 29, 2008. There are ten years on the base lease and 3 five-year options to renew with 10% rent increase at each option. The total lease ends on January 31, 2033. The current net operating income (NOI) is $66,600 (7.75% cap rate). The tenant is responsible for the property taxes, property insurance and maintenance and the landlord is only responsible for the structural portions of the building.

West Monroe is located in Ouachita Parish in Louisiana. Monroe is the home of Monroe Regional Airport, Louisiana Purchase Gardens and Zoo, Northeast Louisiana Children's Museum, Northeast Louisiana Celtic Festival, American Amateur Team Roping Championship, West Monroe Halloween Carnival, University Of Louisiana At Monroe, and Career Technical College

Financial Summary

Major Tenant Information

Actual
Year
2008
Scheduled Gross Income
$67,800
Operating Expenses
$1,200
Net Operating Income
$66,600

Tenant	SF Occupied	Lease Expired
Dolgencorp, Inc.	9,014	1/1/2018

Map of 6105 Cypress Street, West Monroe, LA 71291 (Ouachita County)

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Presented by

Executive Commercial Realty

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Contact Listing Broker

Winston Rego (864) 270-7939

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Created 9/15/2008

Additional Information for 6105 Cypress Street, West Monroe, LA 71291

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Retail Property For Sale - Dollar General (New)

6105 Cypress Street, West Monroe, LA, 71291