2100 Louisville Ave
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2100 Louisville Ave
23,000 SF Retail Building Monroe, LA 71201 £2,325,767 (£101/SF) 7% Net Initial Yield
Investment Highlights
- Investment Grade Tenant (S&P: BBB-)
- Recent 2023 Renovations
- Strong Retail Corridor
- Target Demographics
- Absolute NNN, Zero Landlord Responsibilities
Executive Summary
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Dollar Tree property located in Monroe, LA (The Property”). The Property consists of a 23,280 square foot freestanding retail building on a 1.96 acre parcel of land. Dollar Tree is operating under an Absolute NNN lease with zero landlord responsibilities. There are currently ± 4.5 years remaining on the lease term with one (1), five (5) year extension option remaining.
The Property is located in Monroe, Louisiana. The Property benefits from strong access and visibility from Louisville Ave (20,000+ VPD), which considerably helps to drive consumers to the site. Additionally, the Property features strong local demographics with over 48,000 individuals living within a 3-mile radius.
The Property is located in Monroe, Louisiana. The Property benefits from strong access and visibility from Louisville Ave (20,000+ VPD), which considerably helps to drive consumers to the site. Additionally, the Property features strong local demographics with over 48,000 individuals living within a 3-mile radius.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
23,000 SF
Building Class
C
Year Built
1998
Price
£2,325,767
Price Per SF
£101
Net Initial Yield
7%
NOI
£162,804
Tenancy
Single
Number of Floors
1
Building FAR
0.26
Land Acres
2.00 AC
Zoning
C - Commercial
Parking
117 Spaces
Frontage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 46982 | Improvements Assessment | £105,480 |
| Land Assessment | £35,545 | Total Assessment | £141,025 |
PROPERTY TAXES
Parcel Number
46982
Land Assessment
£35,545
Improvements Assessment
£105,480
Total Assessment
£141,025
-
Jason Powell -
Colin Couch -
Northmarq
(404) 823-6754
x759
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2100 Louisville Ave
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