This exceptional investment opportunity presents a fee-simple, single-tenant Dollar General storefront in Pineville, Louisiana. The 9,014 square foot building, constructed in 2005, sits on a 2.16-acre lot and enjoys 100% occupancy with a strong, investment-grade tenant (BBB, S&P; Baa2, Moody's). The current lease, a Double Net (NN) agreement, commenced June 1, 2005, and expires May 31, 2025, with three 5-year renewal options, each featuring a 10% rent increase. The tenant is responsible for 100% of real estate taxes and insurance, along with a fixed parking lot maintenance fee; landlord responsibilities are limited to roof and structure. The property boasts a current NOI of $52,272 and an 8.00% cap rate, with the asking price set at $653,400. The strategic location along Old Marksville Highway (LA Route 107), a major commercial corridor, provides excellent visibility and high traffic counts (over 4,900 vehicles daily). Its proximity to Ruby Wise Elementary School and its position as the primary shopping destination in southeastern Pineville, with limited competition within a 7.5-mile radius, further enhances its value. The property benefits from strong demographics, with over 69,400 people and 40,200 employees within a 10-mile radius, and an average household income of $74,500. Dollar General's proven recession-resistant business model and consistent year-over-year growth solidify this as a compelling investment. The below-market rent provides significant upside potential.
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
5236 Old Marksville Hwy, Pineville, Louisiana
Nearby Similar for Sale
For Sale
$319,000
High-Visibility Convenience Store, LA
Prime Retail Investment: Two Tenants, High Traffic
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Contacts
Michael Mintz
Visit Broker Website
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5236 Old Marksville Hwy, Pineville, Louisiana, 71360
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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5236 Old Marksville Hwy
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