5236 Old Marksville Hwy Pineville, LA 71360
High-yield Dollar General NNN lease.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- Dollar General has occupied this location since its 2005 construction and recently exercised its first renewal option. The lease has 1+ years remaining with three 5-year options, each including a 10% rent increase.
- This is a Double Net (NN) lease; the tenant pays 100% of real estate taxes and insurance, plus a fixed parking lot maintenance fee. Landlord responsibility is limited to roof and structure.
- The lease features a 10% rent increase at the start of each renewal option, providing inflation protection and steady income growth.
- The current rent is significantly below market rates.
- Dollar General has an investment-grade credit rating (BBB, S&P; Baa2, Moody's), operates over 19,100 stores nationwide, and reported a 10.6% increase in net sales in fiscal year 2022.
- The property has high visibility on Old Marksville Highway (LA Route 107), a major commercial corridor, with pylon signage. It's near Ruby Wise Elementary School, 8.5 miles from downtown Pineville, and 10.5 miles from Alexandria.
Property Details for 5236 Old Marksville Hwy
- Property type
- Retail properties, Retail space
- Square Feet
- 9,014 SF
- Year Built
- 2005
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 94,090 SF
- Units
- 1
Location Insight
- City
- Pineville
- County
- Rapides Parish
- State
- Louisiana
- Latitude
- 31.276059472422
- Longitude
- -92.310656906031
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield Dollar General NNN lease.
- Where is the retail property located?
- The property is located at 5236 Old Marksville Hwy Pineville, LA.
- What is the asking price?
- The asking price for this property is $653,400.
- What are key features of this property?
- This property features: Dollar General has occupied this location since its 2005 construction and recently exercised its first renewal option. The lease has 1+ years remaining with three 5-year options, each including a 10% rent increase.; This is a Double Net (NN) lease; the tenant pays 100% of real estate taxes and insurance, plus a fixed parking lot maintenance fee. Landlord responsibility is limited to roof and structure.; The lease features a 10% rent increase at the start of each renewal option, providing inflation protection and steady income growth.
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