Dollar General | 203 N Louisiana St
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Dollar General 203 N Louisiana St
10,414 SF 100% Leased Retail Building Plain Dealing, LA 71064 $918,682 ($88/SF) 8.50% Cap Rate
Investment Highlights
- 100% Occupied: Fully leased shopping center with two tenants nearing 17 years of occupancy.
- Strategic Location: Situated near Shreveport, offering excellent regional connectivity.
- Well-Maintained Property: Constructed in 2007, the building has been well-maintained, reducing immediate capital expenditure requirements.
- Anchor Tenant: Dollar General, a Fortune 500 company with an S&P investment-grade credit rating.
- Ample Parking: The property offers sufficient parking space to accommodate customer needs.
- Competitive Pricing: Offered at $918,682, presenting a compelling investment opportunity in a growing market.
Executive Summary
AMC Real Estate Investment Services is pleased to offer for sale this 100% occupied Dollar General-anchored shopping center located at 203 N Louisiana St, Plain Dealing, LA. This center, which spans 10,414 square feet on 1.29 acres, boasts two long-standing tenants, both nearing their 17th year of occupancy, demonstrating strong tenant loyalty and stability.
This prime investment is strategically situated just a short drive from Shreveport, providing excellent regional connectivity. Notably, the Teal Jones Group, a Canadian forestry products company, is constructing a $110 million sawmill in Plain Dealing. Scheduled to commence operations in the summer of 2024 and reach full production by fall 2024, this 235-acre facility is expected to create 125 direct jobs with average annual salaries of $47,000, plus benefits. Additionally, Louisiana Economic Development estimates the project will support at least 369 indirect jobs, totaling approximately 494 new jobs in the region. This significant economic development is poised to enhance the local market appeal and stimulate further growth in the area.
-100% Occupied: Fully leased shopping center with two tenants nearing 17 years of occupancy.
-Anchor Tenant: Dollar General, a Fortune 500 company with an S&P investment-grade credit rating.
-Established Co-Tenancy: Crispy Donut, a successful local business, has been operating in the center for 17 years, contributing to consistent customer traffic and a vibrant shopping environment.
-Strategic Location: Situated near Shreveport, offering excellent regional connectivity.
-Economic Growth: Proximity to the upcoming $110 million Teal Jones sawmill, expected to create 125 direct jobs and 369 indirect jobs, enhancing local economic prospects.
-Ample Parking: The property offers sufficient parking space to accommodate customer needs.
-Well-Maintained Property: Constructed in 2007, the building has been well-maintained, reducing immediate capital expenditure requirements.
-Competitive Pricing: Offered at $918,682, presenting a compelling investment opportunity in a growing market.
Offered as part of a portfolio with a Stand Alone NN+ Leased Dollar General in Arcadia, LA.
-Asking Price $800,000
-Cap Rate: 9.00%
-9,014 SF on a 1.67 Acre Lot
-17 Year Occupancy
This prime investment is strategically situated just a short drive from Shreveport, providing excellent regional connectivity. Notably, the Teal Jones Group, a Canadian forestry products company, is constructing a $110 million sawmill in Plain Dealing. Scheduled to commence operations in the summer of 2024 and reach full production by fall 2024, this 235-acre facility is expected to create 125 direct jobs with average annual salaries of $47,000, plus benefits. Additionally, Louisiana Economic Development estimates the project will support at least 369 indirect jobs, totaling approximately 494 new jobs in the region. This significant economic development is poised to enhance the local market appeal and stimulate further growth in the area.
-100% Occupied: Fully leased shopping center with two tenants nearing 17 years of occupancy.
-Anchor Tenant: Dollar General, a Fortune 500 company with an S&P investment-grade credit rating.
-Established Co-Tenancy: Crispy Donut, a successful local business, has been operating in the center for 17 years, contributing to consistent customer traffic and a vibrant shopping environment.
-Strategic Location: Situated near Shreveport, offering excellent regional connectivity.
-Economic Growth: Proximity to the upcoming $110 million Teal Jones sawmill, expected to create 125 direct jobs and 369 indirect jobs, enhancing local economic prospects.
-Ample Parking: The property offers sufficient parking space to accommodate customer needs.
-Well-Maintained Property: Constructed in 2007, the building has been well-maintained, reducing immediate capital expenditure requirements.
-Competitive Pricing: Offered at $918,682, presenting a compelling investment opportunity in a growing market.
Offered as part of a portfolio with a Stand Alone NN+ Leased Dollar General in Arcadia, LA.
-Asking Price $800,000
-Cap Rate: 9.00%
-9,014 SF on a 1.67 Acre Lot
-17 Year Occupancy
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,414 SF
Building Class
C
Year Built
2007
Price
$918,682
Price Per SF
$88
Cap Rate
8.50%
NOI
$78,088
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
1.29 AC
Zoning
C-1 - Commercial
Parking
40 Spaces (3.84 Spaces per 1,000 SF Leased)
Frontage
149 FT on Louisiana St
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 110049 | Improvements Assessment | $100,622 |
| Land Assessment | $10,130 | Total Assessment | $110,752 |
PROPERTY TAXES
Parcel Number
110049
Land Assessment
$10,130
Improvements Assessment
$100,622
Total Assessment
$110,752
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Dollar General | 203 N Louisiana St
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