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Dollar General 116 N Magnolia St 16,800 SF Retail Building Gramercy, LA 70052 $739,500 ($44.02/SF) 8% Cap Rate
Investment Highlights
- Long Term Tenant
- Brand New Roof & Store Refresh
- Investment Grade Credit
- Plus Size Store
- Strong Historical Sales
- Dominant Market-Share Location
Executive Summary
The Property benefits from a corner location at the intersection of N Magnolia Street and Main Street (LA Route 641), the primary commercial corridor traversing Gramercy, LA. Gramercy is located along the banks of the Mississippi River approximately 45 miles west of New Orleans.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Retailer
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Dollar General began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business started by J.L. Turner and Cal Turner Sr., and the first Dollar General store opened in the mid-1950s. The company operates a discount retail model through Dollar General, DG Market, DGX, and pOpshelf formats, serving customers with food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, seasonal décor, private brands, and national labels. Dollar General supports online shopping and positions itself around affordable everyday goods and community-focused services.
- Woods A L Inc
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| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Retailer | - | - | - | ||
| Woods A L Inc | - | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 100121100 | Improvements Assessment | $55,500 |
| Land Assessment | $5,250 | Total Assessment | $60,750 |
Property Taxes
Presented by
Dollar General | 116 N Magnolia St
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