77280 Landry Dr - Freestanding FOR SALE
Maringouin, LA 70757 |
$976,000 USD
214-347-7988
77280 Landry Dr
Maringouin, LA 70757
HIGHLIGHTS
- Located less than ±26 miles from Baton Rouge
- Limited competition – there is no other discount retailer in Maringouin
- Two, 5-year options remaining, both of which include 10% increases
- Extremely strong corporately guaranteed lease, Dollar General boasts an investment grade credit rating of BBB (S&P)
- Dollar General has ±21,000 locations and plans to continue their expansion for the foreseeable future
- Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic
FOR SALE DETAILS
PRICE
$976,000 USD
PRICE/SF
$108 USD /SF
CAP RATE
8.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2008
SPRINKLERS
-
PARKING SPACES
37
LAND DETAILS
LAND ACRES
0.75 AC
LAND SF
32,740 SF
ZONING
-
APN/PARCEL ID
09-11049610
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214-347-7988
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214-347-7988
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