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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% 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 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.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
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