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1051 Highway 55 9,100 SF Retail Building Montegut, LA 70377 $1,601,000 ($175.93/SF) 7% Cap Rate
Executive Summary
High Foot Traffic Location - This location is ranked in the 83rd percentile for Dollar General’s Nationwide for foot traffic
Newer Construction - This site was built in 2024
Long Term Lease - 9+ Years Remaining
Absolute NNN Lease - No Landlord Responsibilities
Investment Grade Tenant - Corporate Guarantee (S&P Rating: BBB)
Large Parcel - 2.23 Acre parcel
Strong Expanding Company - Dollar General secured the 108th spot on the Fortune 500 list and earned a place on Fortune's roster of the World's Most Admired Companies for 2023. Its annual net sales surpassed $37.8 Billion
Newer Construction - This site was built in 2024
Long Term Lease - 9+ Years Remaining
Absolute NNN Lease - No Landlord Responsibilities
Investment Grade Tenant - Corporate Guarantee (S&P Rating: BBB)
Large Parcel - 2.23 Acre parcel
Strong Expanding Company - Dollar General secured the 108th spot on the Fortune 500 list and earned a place on Fortune's roster of the World's Most Admired Companies for 2023. Its annual net sales surpassed $37.8 Billion
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2020
Price
$1,601,000
Price Per SF
$175.93
Cap Rate
7%
NOI
$112,070
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.23 AC
Parking
36 Spaces (5.53 Spaces per 1,000 SF Leased)
Frontage
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 32334 | Improvements Assessment | $87,430 |
| Land Assessment | $5,750 | Total Assessment | $93,180 |
Property Taxes
Parcel Number
32334
Land Assessment
$5,750
Improvements Assessment
$87,430
Total Assessment
$93,180
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1051 Highway 55
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