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Dollar General 4374 Highway 1

9,026 SF Retail Building Marksville, LA 71351 £911,808 (£101/SF) 7.25% Net Initial Yield

Investment Highlights

  • Triple Net (NNN) leased asset (no landlord costs or obligations)
  • Prominent location on Highway 1
  • Competitive price per square foot as it relates to rent ($9.36 PSF)
  • Corporate guaranteed by Dollar General Corporation (Revenue: $38.7 B.)
  • Offered at below replacement cost ($129 PSF)
  • 9 years of remaining lease term

Executive Summary

Cushman & Wakefield's is pleased to offer for sale a 9,026 +/- square foot freestanding, retail building
located at 4374 Highway 1, Marksville, LA 71351. The offering features a NNN lease to DG Louisiana, LLC
with an initial term of 15 years. The lease is guaranteed by Dollar General Corporation (Parent Company).
The annual NNN base rent of $84,486 increases by 10% during each 5-year extension option. The Lease
offers three 5-year renewal potions.

Attachments

Dollar General_OM

Property Facts

Sale Type
Investment NNN
Sale Condition
Sale & Leaseback
Property Type
Retail
Property Subtype
Convenience Store
Building Size
9,026 SF
Building Class
C
Year Built
2019
Price
£911,808
Price Per SF
£101
Net Initial Yield
7.25%
NOI
£66,106
Tenancy
Single
Number of Floors
1
Building FAR
0.14
Lot Size
1.45 AC
Parking
31 Spaces (3.43 Spaces per 1,000 SF Leased)
1 of 1
4374 Highway 1, Marksville, LA - aerial map view
(813) 223-6300

Contacts

  • Listing ID: 31782398

  • Date on Market: 13/05/2024

  • Last Updated:

  • Address: 4374 Highway 1, Marksville, LA 71351

The Retail Property at 4374 Highway 1, Marksville, LA 71351 is currently available for sale. Contact Cushman & Wakefield for more information.

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Dollar General | 4374 Highway 1
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Dollar General | 4374 Highway 1

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(813) 223-6300

(813) 223-6300

Jason Donald

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