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EXTREMELY LOW PRICE POINT 610 W Canal St 7,198 SF Retail Building Church Point, LA 70525 $309,966 ($43.06/SF) 9.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Positioned in the Lafayette MSA
- ±30 years of operating history
- Located Directly off W Canal St
- Extremely strong corporately guaranteed lease
EXECUTIVE SUMMARY
±30 years of operating history, showing Dollar General’s commitment to this location
Located Directly off W Canal St, the main thoroughfare of Church Point, LA
Two, 5-year options remaining
Extremely strong corporately guaranteed lease
Dollar General boasts an investment grade credit rating of BBB (S&P)
Dollar General has ±21,000 locations and plans to continue their expansion for the foreseeable future
Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic
Dollar General has a market cap of ±$30 billion
Located Directly off W Canal St, the main thoroughfare of Church Point, LA
Two, 5-year options remaining
Extremely strong corporately guaranteed lease
Dollar General boasts an investment grade credit rating of BBB (S&P)
Dollar General has ±21,000 locations and plans to continue their expansion for the foreseeable future
Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic
Dollar General has a market cap of ±$30 billion
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,198 SF
Building Class
C
Year Built
1995
Price
$309,966
Price Per SF
$43.06
Cap Rate
9.50%
NOI
$29,447
Tenancy
Single
Building Height
1 Story
Building FAR
0.54
Lot Size
0.31 AC
Opportunity Zone
Yes
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $27,330 | |
| Land Assessment | $2,660 | Total Assessment | $29,990 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,660
Improvements Assessment
$27,330
Total Assessment
$29,990
(214) 347-7988
x4188
CONTACTS
-
Wyatt Wagner -
Scotty Latimer -
Josh Bishop -
Matthews Real Estate Investment Services
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EXTREMELY LOW PRICE POINT | 610 W Canal St
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