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Dollar General 210 N Main St 7,920 SF Retail Building Loreauville, LA 70552 $449,333 ($56.73/SF) 9% Cap Rate
Investment Highlights
- Retail Synergy: Located next to the local auto parts shop, bank, pharmacy, and high school
- Average household income of $76,540 within a 10-mile radius of the property, considered to be ideal for Dollar General
- Extremely strong corporately guaranteed lease
- Two, 5-year options, which include 10% rent increases
- Located directly off Main Street, the main thoroughfare of Loreauville
- Dollar General has ±20,000 locations and plans to continue their expansion for the foreseeable future
Executive Summary
- Retail Synergy: Located next to the local auto parts shop, bank, pharmacy, and high school
- Two, 5-year options, which include 10% rent increases
- Average household income of $76,540 within a 10-mile radius of the property, considered to be ideal for Dollar General
- Located directly off Main Street, the main thoroughfare of Loreauville
- Extremely strong corporately guaranteed lease
- Two, 5-year options, which include 10% rent increases
- Average household income of $76,540 within a 10-mile radius of the property, considered to be ideal for Dollar General
- Located directly off Main Street, the main thoroughfare of Loreauville
- Extremely strong corporately guaranteed lease
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,920 SF
Building Class
C
Year Built
2001
Price
$449,333
Price Per SF
$56.73
Cap Rate
9%
NOI
$40,440
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
4.77 AC
Parking
30 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 0800016000 | Improvements Assessment | $19,235 |
| Land Assessment | $4,056 | Total Assessment | $23,291 |
Property Taxes
Parcel Number
0800016000
Land Assessment
$4,056
Improvements Assessment
$19,235
Total Assessment
$23,291
(214) 347-7988
x4188
Contacts
-
Wyatt Wagner -
Scotty Latimer -
Josh Bishop -
Matthews Real Estate Investment Services
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Dollar General | 210 N Main St
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