1382 Highway 139 - Freestanding FOR SALE
Monroe, LA 71203 |
$687,789 USD
732-832-5414
1382 Highway 139
Monroe, LA 71203
HIGHLIGHTS
- List price of $726,000 yielding an attractive 9.00% cap rate.
- The tenant has been operating at this location for ±19 years and has exercised two, 5-year options to extend
- The lease contains three, 5-year options to extend with 10% rental increases.
- 2005 built-to-suit construction for Dollar General including a ±9,014 square foot building and concrete parking lot.
- 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).
- There are over 29,107 residents living within a 5-mile radius and over 103,121 residents living within a 10-mile radius.
FOR SALE DETAILS
PRICE
$687,789 USD
PRICE/SF
$86 USD /SF
CAP RATE
9.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
DOLLAR GENERAL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.75 AC
LAND SF
76,230 SF
ZONING
-
APN/PARCEL ID
79501
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
732-832-5414
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
732-832-5414
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
