116 N Magnolia St | Gramercy, LA 70052
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116 N Magnolia St
Gramercy, LA 70052
DOLLAR GENERAL · Retail Property For Sale
Investment Highlights
- Long Term Operating History - Dollar General has been at this location since 1996 (25+ years) and they have just extended their lease
- Larger Sized Building - Dollar General occupies the entire 16,800 square foot building which is bigger than the standard prototype
- Surrounding Area - The subject Property is strategically positioned off Main St which is the major thoroughfare in Gramercy.
- Historically Strong Sales - Dollar General performs extremely well at this location with store sales exceeding $2.1M
- Ideal Demographic - Gramercy is located south of US Highway 61 and Interstate 10 - the two major corridors connecting New Orleans to Baton Rouge.
- Attractive Rent Increases - To hedge against inflation, the lease features a 10% rental increase every 5 years in the option periods.
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,800 SF
Year Built/Renovated
1970/2013
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
1.11 AC
Frontage
310’ on MAGNOLIA ST
Property Taxes
| Parcel Number | 100121100 | Improvements Assessment | $55,500 |
| Land Assessment | $5,250 | Total Assessment | $60,750 |
Property Taxes
Parcel Number
100121100
Land Assessment
$5,250
Improvements Assessment
$55,500
Total Assessment
$60,750
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