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100 Oak Rd
Buras, LA 70041
Rare Dollar General "Plus" Store · Retail Property For Sale

Investment Highlights

  • Strategic Positioning | Home to 3rd Largest Seafood Port in United States
  • Rare “Plus” | Larger Format than Prototypical Dollar General
  • New Construction Store | Triple-Net Lease, Guaranteed by an Investment-Grade Tenant
  • New $2.5 Billion Dollar Oil Export Terminal Planned
  • Excellent Visibility | Corner Location

Property Facts

Property Type
Retail
Building Size
10,640 SF
Year Built
2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.37 AC
Zoning
commercial

About 100 OAK RD , BURAS, LA 70041

Strategic Positioning | Home to 3rd Largest Seafood Port in United States • The Dollar General is uniquely situated in Plaquemines Parish (New Orleans MSA). Plaquemines Parish runs along the Mississippi River leading towards the Gulf of Mexico. Due to its strategic location Plaquemines Parish serves as home to refineries (along with associated businesses, seafood, and other businesses. • Buras/Empire LA is also home to the third largest Seafood Port in the United States (by weight and value: source NOAA 2016). , • The existence of the refineries, seafood port, and associated businesses provides the Dollar General with excellent exposure and stronger likelihood of success, particularly with respect to the number of contractors and employees transporting goods to and from the facilities. New $2.5 Billion Dollar Oil Export Terminal Planned • There are currently plans for a crude oil export terminal in Plaquemines Parish (Proposed Plaquemines Liquids Terminal) which is permitted to store 20 million gallons of crude oil. There will also be additional docking facilities along the Mississippi river in Plaquemines. The construction and impact on the development of this facility being south of the Dollar General will likely increases traffic to the store. Rare “Plus” | Larger Format than Prototypical Dollar General • The subject property is known as a “Plus” store. Dollar General Plus Stores are larger than the traditional Dollar General stores and boast more coolers and freezers in order to keep more perishable items in stock. • Given the rarity of Dollar General Plus stores, these stores typically demonstrate a stronger commitment by Dollar General to the area as well as the likelihood of higher store sales. Excellent Visibility | Corner Location • The Dollar General is strategically located on Louisiana Highway 23. LA 23 begins in New Orleans and runs south along the Mississippi River, there are no other alternative north/south routes, thereby providing continuous store exposure. New Construction Store | Triple-Net Lease, Guaranteed by an Investment-Grade Tenant. • The Property is a 2018 construction Dollar General which is subject to a 15 Year NNN Lease and is Corporately Guaranteed by Dollar General. • Dollar General a publicly traded company with an investment grade credit rating of “BBB” (S&P). • Other tenants with a “BBB” credit rating are FedEX, Walgreens, Kroger, AutoZone, and Delhaize (Stop & Shop, Food Lion, Hannaford)

Property Taxes

Property Taxes

Parcel Number
1461024
Land Assessment
$2,055
Improvements Assessment
$102,144
Total Assessment
$104,199
  • Listing ID: 18467834

  • Date on Market: 2/10/2020

  • Last Updated:

  • Address: 100 Oak Rd, Buras, LA 70041

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