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Dollar General Market, Top 6% per Placer.ai 553 Highway 1 12,480 SF Retail Building Marksville, LA 71351 $1,610,000 ($129.01/SF) 7.50% Cap Rate
Investment Highlights
- Five Year Early Lease Extension in 2025, Now Leased Through 6/30/2030
- Strong Placer.ai Rankings: Top 6 Percent Nationwide
- Part of a Nine Location Dollar General Portfolio and Available for Sale Individually
- Built to Suit in 2010 and Later Rebranded to Dollar General Market
- Double Net Lease with Corporate Guarantee
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,480 SF
Building Class
C
Year Built
2010
Price
$1,610,000
Price Per SF
$129.01
Cap Rate
7.50%
NOI
$120,732
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
2.19 AC
Parking
15 Spaces (1.2 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Property Taxes
| Parcel Number | 005-50509700 | Improvements Assessment | $0 |
| Land Assessment | $1,250 | Total Assessment | $1,250 |
Property Taxes
Parcel Number
005-50509700
Land Assessment
$1,250
Improvements Assessment
$0
Total Assessment
$1,250
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Dollar General Market, Top 6% per Placer.ai | 553 Highway 1
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