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- LoopNet Team
3469 LA-3125
Paulina, LA 70763
Close to Multi-Billion Industrial Facilities · Retail Property For Sale
PROPERTY FACTS
- Freestanding
- General Retail Drugstore
- General Retail Freestanding
About 3469 LA-3125 , Paulina, LA 70763
Strong Average Household Income • The average household income within a three (3) mile radius of the Property is over $79,000 which is 30% higher than the national average. • The strong average household income is significant particularly with respect to the amount of disposable income available in the area and potential success of the Dollar General store. Excellent Visibility | Traffic Counts 2-3x Higher than the Average Dollar General • The Dollar General is strategically located on Louisiana Highway 3125. LA 3125 experiences traffic counts in excess of 12,000 VPD, which is approximately 2-3x higher than the average Dollar General. LA 3125 connects the residents of Paulina, along with five other neighboring towns, with US Highway 61 and Interstate 10. Strategic Positioning | Billions of Dollars in Industrial Investment in St. James Parish • The Dollar General is uniquely situated in St. James Parish. St. James Parish is home to dozens of large industrial facilities which produce and/or refine aluminum, chemicals such as fertilizer, aluminum, and other products. These facilities have billions of dollars invested into the area. Please see Page 7 for descriptions on these facilities o Formosa – Formosa is Taiwanese company which selected St. James Parish in 2018 for a $9.8 billion dollar facility which is anticipated to create 1,200 direct jobs at an average salary of over $84,000. The project is currently in the permitting phase. o Marathon Oil completed a $3.9 billion dollar expansion project in 2009. This facility has an oil refining capacity of 564,000 barrels per day. It is one of the largest refineries in the United States. o Occidental Chemical Corporation – Has an existing facility in neighboring Convent, LA and is seeking approval to build an additional $1.3 billion dollar facility on a 250-acre plot of land off of LA 3125. o Shell Oil – Shell Oil has a 4,400 acre refinery (equipment located on 900 acres) which is located off of LA 3125 and is designed to process 248,000 barrels of crude oil per day. o CF Industries - CF Industries neighboring Donaldsonville Nitrogen Complex is a 1400 acre facility which is the largest operation in North America (mainly farming products). CF industries is open 24 hours, seven-days a week. The facility recently underwent a $2.1 billion capacity expansion project and now has 450 fulltime employees and 500 contract employees. o Louisiana Sugar Refining – is a joint venture between Cargill and the Louisiana Sugar Growers and Refiners. The refinery produces over 2 billion tons of raw white sugar annually and is open 24/7. o Mosaic Company – Is major fertilizer manufacture that operates a large facility and employs over 400 workers. o Noranda Bauxite & Alumina, an alumina refinery, property recently completed a $20 million dollar expansion project. New Construction Store with 15-Year Triple-Net Lease, Guaranteed by an Investment-Grade Tenant. • The Property is a brand new construction Dollar General • The Property is subject to a 15 year NNN lease with Dollar General. Dollar General a publicly traded company with an investment grade credit rating of “BBB” (S&P). • Other tenants with a “BBB” credit rating are FedEX, Walgreens, Kroger, AutoZone, and Delhaize (Stop & Shop, Food Lion, Hannaford)
PROPERTY TAXES
Parcel Number | 300052291 | Improvements Assessment | £101,429 |
Land Assessment | £7,955 | Total Assessment | £109,384 |
PROPERTY TAXES
Listing ID: 16753092
Date on Market: 29/07/2019
Last Updated:
Address: 3469 LA-3125, Paulina, LA 70763