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DOLLAR GENERAL 1382 Highway 139

9,014 SF Retail Building Monroe, LA 71203 $726,000 ($81/SF) 9% Cap Rate

Retail Buildings Louisiana Monroe 1382 Highway 139, Monroe, LA 71203

Investment Highlights

  • List price of $726,000 yielding an attractive 9.00% cap rate.
  • The lease contains three, 5-year options to extend with 10% rental increases.
  • Located on the corner of LA-139 & Lincoln Hills Drive, this ±1.75 acre parcel is exposed to over ±16,400 vehicles per day (VPD).
  • The tenant has been operating at this location for ±19 years and has exercised two, 5-year options to extend
  • 2005 built-to-suit construction for Dollar General including a ±9,014 square foot building and concrete parking lot.
  • There are over 29,107 residents living within a 5-mile radius and over 103,121 residents living within a 10-mile radius.

Executive Summary

Donnie Jarreau
License No. BROK.995704351-CORP (LA)
(866) 889-0550
Jarreau Real Estate
16173 Perkins Road Baton Rouge,
LA 70810

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Building Class
B
Year Built
2005
Price
$726,000
Price Per SF
$81
Cap Rate
9%
NOI
$65,340
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.75 AC

Links

1 of 1

PROPERTY TAXES

Parcel Number 79501 Improvements Assessment $0
Land Assessment $1,700 Total Assessment $1,700

PROPERTY TAXES

Parcel Number
79501
Land Assessment
$1,700
Improvements Assessment
$0
Total Assessment
$1,700
(732) 832-5414

Contact

  • Listing ID: 34234516

  • Date on Market: 12/18/2024

  • Last Updated:

  • Address: 1382 Highway 139, Monroe, LA 71203

More public record information on 1382 Highway 139, Monroe, LA 71203

The Retail Property at 1382 Highway 139, Monroe, LA 71203 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

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DOLLAR GENERAL | 1382 Highway 139
(732) 832-5414 x

DOLLAR GENERAL | 1382 Highway 139

Edward Desimone

(732) 832-5414

(732) 832-5414

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