$1 Auction -REIT Sale | Former Dollar General 3415 Burg Jones Ln 9,101 SF Retail Building Monroe, LA 71202 $175,000 ($19.23/SF)

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing retail building located at 3415 Reddix Lane in Richwood, Louisiana (the “Property”). Formerly occupied by Dollar General, the Property is offered significantly below replacement cost, presenting an exceptional opportunity for owner/users or investors to acquire a well-located commercial asset at a substantial discount. FIRST BID MEETS RESERVE!
Constructed in 2011, the Property consists of a one-story, free-standing retail building totaling ±9,101 gross square feet situated on a ±0.98-acre parcel (±42,496 SF) with 30 surface parking spaces. Positioned on a signalized hard corner, the site benefits from dual curb cuts and ±295 feet of frontage along Reddix Lane, with ±3,663 vehicles per day (VPD), as well as ±152 feet of frontage along Standifer Street ±3,561 VPD. Previously operated under a triple net (NNN) lease by Dollar General, the Property presents a compelling value-add opportunity for repositioning and lease-up at long-term market rates (CoStar estimated asking retail rents of $14-18 /SF/year). Zoned Commercial District, the Property accommodates a broad range of retail, office, service, restaurant, and commercial uses, providing exceptional operational flexibility and long-term investment potential.
The Property is strategically located in Richwood, Louisiana, within the Monroe Metropolitan Statistical Area (MSA) just 3-mi south of I-20, one of the region’s primary east-west transportation corridors connecting northern Louisiana with Dallas, Jackson, and the broader Southeast. the Property benefits from excellent visibility and accessibility within an established commercial corridor serving both local residents and the surrounding trade area and also just a half-mile from US Route 165 with over 25k cars passing through the area daily. Adjacent to Monroe’s primary retail and employment districts, Richwood provides convenient access to major healthcare providers, the University of Louisiana Monroe, Monroe Regional Airport, and numerous regional employers. The surrounding area is anchored by national retailers, restaurants, schools, and neighborhood services, reinforcing consistent consumer traffic and long-term commercial demand. The surrounding 5-mile trade area is home to more than 58,000 residents with an average household income approaching $50,000, providing a stable consumer base that supports a broad range of retail, commercial, restaurant, medical, and service-oriented uses, positioning the Property for owner occupancy, re-leasing, or long-term value-add repositioning.