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5641 Wye Rd 9,026 SF Retail Building Lakeland, LA 70752 $1,354,281 ($150.04/SF) 6.75% Cap Rate
EXECUTIVE SUMMARY
Long Term Occupancy + Extended Lease
-8 years of term remaining with 3 additional 5-year renewals with
rental increases of 10%.
Passive Ownership
-Minimal landlord responsibilities, this property offers a passive
and reliable source of income.
Corporate Guaranty
-Dollar General a $36 Billion company, has also reported same
store sales growth for 33 consecutive years. Dollar General boasts
an investment grade credit rating of BBB (S&P) with continued
future growth plans.
-8 years of term remaining with 3 additional 5-year renewals with
rental increases of 10%.
Passive Ownership
-Minimal landlord responsibilities, this property offers a passive
and reliable source of income.
Corporate Guaranty
-Dollar General a $36 Billion company, has also reported same
store sales growth for 33 consecutive years. Dollar General boasts
an investment grade credit rating of BBB (S&P) with continued
future growth plans.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
9,026 SF
Building Class
B
Year Built
2019
Price
$1,354,281
Price Per SF
$150.04
Cap Rate
6.75%
NOI
$91,414
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.43 AC
PROPERTY TAXES
| Parcel Number | 00533500A | Improvements Assessment | $44,360 |
| Land Assessment | $18,000 | Total Assessment | $62,360 |
PROPERTY TAXES
Parcel Number
00533500A
Land Assessment
$18,000
Improvements Assessment
$44,360
Total Assessment
$62,360
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5641 Wye Rd
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