5641 Wye Rd - Retail FOR SALE


Lakeland, LA 70752
$1,354,281 USD
337-263-2397
5641 Wye Rd, Lakeland, LA for Sale
$1,354,281 USD
Retail - FOR SALE
1/1
null | 6.75% Cap Rate

5641 Wye Rd
Lakeland, LA 70752


OVERVIEW

Long Term Occupancy + Extended Lease -8 years of term remaining with 3 additional 5-year renewals with rental increases of 10%. Passive Ownership -Minimal landlord responsibilities, this property offers a passive and reliable source of income. Corporate Guaranty -Dollar General a $36 Billion company, has also reported same store sales growth for 33 consecutive years. Dollar General boasts an investment grade credit rating of BBB (S&P) with continued future growth plans.

FOR SALE DETAILS

PRICE

$1,354,281 USD

PRICE/SF

$208 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

00533500A

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.