4374 Highway 1 - Convenience Store FOR SALE


Marksville, LA 71351
$1,165,324 USD
813-223-6300
4374 Highway 1, Marksville, LA for Sale
$1,165,324 USD
Convenience Store - FOR SALE
1/3
null | 7.25% Cap Rate

4374 Highway 1
Marksville, LA 71351


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,165,324 USD

PRICE/SF

$129 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

-

APN/PARCEL ID

002-20121450

ASK ABOUT THIS PROPERTY

Patrick BermanCushman & WakefieldMore Info
813-223-6300

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Patrick BermanCushman & WakefieldMore Info
813-223-6300

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