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DOLLAR GENERAL 1382 Highway 139

9,014 SF Retail Building Monroe, LA 71203 £571,253 (£63/SF) 9% Net Initial Yield

Investment Highlights

  • List price of $726,000 yielding an attractive 9.00% cap rate.
  • The lease contains three, 5-year options to extend with 10% rental increases.
  • Located on the corner of LA-139 & Lincoln Hills Drive, this ±1.75 acre parcel is exposed to over ±16,400 vehicles per day (VPD).
  • The tenant has been operating at this location for ±19 years and has exercised two, 5-year options to extend
  • 2005 built-to-suit construction for Dollar General including a ±9,014 square foot building and concrete parking lot.
  • There are over 29,107 residents living within a 5-mile radius and over 103,121 residents living within a 10-mile radius.

Executive Summary

Donnie Jarreau
License No. BROK.995704351-CORP (LA)
(866) 889-0550
Jarreau Real Estate
16173 Perkins Road Baton Rouge,
LA 70810

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Building Class
B
Year Built
2005
Price
£571,253
Price Per SF
£63
Net Initial Yield
9%
NOI
£51,413
Tenancy
Single
Number of Floors
1
Building FAR
0.12
Lot Size
1.75 AC

Links

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PROPERTY TAXES

Parcel Number 79501 Improvements Assessment £0
Land Assessment £1,338 Total Assessment £1,338

PROPERTY TAXES

Parcel Number
79501
Land Assessment
£1,338
Improvements Assessment
£0
Total Assessment
£1,338
(732) 832-5414

Contact

  • Listing ID: 34234516

  • Date on Market: 18/12/2024

  • Last Updated:

  • Address: 1382 Highway 139, Monroe, LA 71203

The Retail Property at 1382 Highway 139, Monroe, LA 71203 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

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© 2024 CoStar Group

DOLLAR GENERAL | 1382 Highway 139
(732) 832-5414 x

DOLLAR GENERAL | 1382 Highway 139

Edward Desimone

(732) 832-5414

(732) 832-5414

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