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Dollar General - 8.0 Cap Absolute NNN 12204 Texas Hwy 9,445 SF Retail Building Many, LA 71449 $1,015,755 ($107.54/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Minimal Landlord Responsibility. Tenant responsible for all property and building maintenance.
- Options. Tenant has three five (5) year options remaining with 10% increases.
- Commitment to Site. Dollar General has operated at this location since 2010 and recently exercised their first Option Period.
- Investment Grade Credit Tenant. Dollar General has a BBB Credit Rating (S&P)
EXECUTIVE SUMMARY
Prime Realty has been selected, as the Exclusive Broker, to offer for Sale the Dollar General located at 12204 Texas Hwy, Many, LA, leased NNN for Six (6) Years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,445 SF
Building Class
C
Year Built
2011
Price
$1,015,755
Price Per SF
$107.54
Cap Rate
8%
NOI
$81,260
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.01 AC
Zoning
Commercial - intended for a wide range of commercial and light industrial uses, including retail, warehouses, and distribution centers
Parking
30 Spaces (3.32 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $202,313 | |
| Land Assessment | $14,163 | Total Assessment | $216,476 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$14,163
Improvements Assessment
$202,313
Total Assessment
$216,476
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Dollar General - 8.0 Cap Absolute NNN | 12204 Texas Hwy
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