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EXTREMELY LOW PRICE POINT 610 W Canal St

7,198 SF Retail Building Church Point, LA 70525 £248,438 (£35/SF) 9.50% Net Initial Yield

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

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
£248,438
Price Per SF
£35
Net Initial Yield
9.50%
NOI
£23,602
Tenancy
Single
Number of Floors
1
Building FAR
0.54
Lot Size
0.31 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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Nearby Major Retailers

Anytime Fitness
Piggly Wiggly

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0320045500
  • 0320040200C
  • 0320039900
 Improvements Assessment £21,905
Land Assessment £2,132 Total Assessment £24,037

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0320045500
  • 0320040200C
  • 0320039900
Land Assessment
£2,132
Improvements Assessment
£21,905
Total Assessment
£24,037
(214) 347-7988 x4188

Contacts

  • Listing ID: 34411469

  • Date on Market: 08/01/2025

  • Last Updated:

  • Address: 610 W Canal St, Church Point, LA 70525

The Retail Property at 610 W Canal St, Church Point, LA 70525 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

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© 2025 CoStar Group

EXTREMELY LOW PRICE POINT | 610 W Canal St
(214) 347-7988 x 4188

EXTREMELY LOW PRICE POINT | 610 W Canal St

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Wyatt Wagner

(214) 347-7988

x4188

(214) 347-7988 x4188

Scotty Latimer

(214) 692-2927

(214) 692-2927

Josh Bishop

(214) 692-2289

(214) 692-2289

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