13900 Highway 23 - Freestanding FOR SALE


Belle Chasse, LA 70037- Plaquemines Parish
$1,840,000 USD
337-263-2397
13900 Highway 23, Belle Chasse, LA for Sale
$1,840,000 USD
Freestanding - FOR SALE
1/2
null | 6.3% Cap Rate

13900 Highway 23
Belle Chasse, LA 70037
Plaquemines Parish


OVERVIEW

Long Term Occupancy + Extended Lease – Currently there is still 10 years of term remaining with 3 additional 5-year renewals with rental increases of 10%. Passive Ownership – The lease requires minimal landlord responsibilities, offering a both a passive and reliable source of income. Corporate Guaranty – As of 2022, Dollar General a $36 Billion company, has also reported same store sales growth for 33 consecutive years. The retailer continues to prove its resiliency boasting an investment grade credit rating of BBB (S&P) with continued growth plans for the future.

FOR SALE DETAILS

PRICE

$1,840,000 USD

PRICE/SF

$173 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

A-2

APN/PARCEL ID

1600870

ASK ABOUT THIS PROPERTY

Hardtner KlumppNVST Real Estate Solutions, LLC.More Info
337-263-2397

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Hardtner KlumppNVST Real Estate Solutions, LLC.More Info
337-263-2397

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.