2100 Louisville Ave - Storefront FOR SALE


Monroe, LA 71201
$2,943,972 USD
404-823-6754
2100 Louisville Ave, Monroe, LA for Sale
$2,943,972 USD
Storefront - FOR SALE
1/1
null | 7% Cap Rate

2100 Louisville Ave
Monroe, LA 71201


HIGHLIGHTS

  • Investment Grade Tenant (S&P: BBB-)
  • Target Demographics
  • Recent 2023 Renovations
  • Absolute NNN, Zero Landlord Responsibilities
  • Strong Retail Corridor

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Dollar Tree property located in Monroe, LA (The Property”). The Property consists of a 23,280 square foot freestanding retail building on a 1.96 acre parcel of land. Dollar Tree is operating under an Absolute NNN lease with zero landlord responsibilities. There are currently ± 4.5 years remaining on the lease term with one (1), five (5) year extension option remaining. The Property is located in Monroe, Louisiana. The Property benefits from strong access and visibility from Louisville Ave (20,000+ VPD), which considerably helps to drive consumers to the site. Additionally, the Property features strong local demographics with over 48,000 individuals living within a 3-mile radius.

FOR SALE DETAILS

PRICE

$2,943,972 USD

PRICE/SF

$128 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

117

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

C

APN/PARCEL ID

46982

ASK ABOUT THIS PROPERTY

Jason PowellNorthmarqMore Info
404-823-6754

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Jason PowellNorthmarqMore Info
404-823-6754

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