For Sale
$1,165,324

4374 La-1Marksville, LA 71351

High-yield NNN retail investment, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 9,026-square-foot freestanding Dollar General store located at 4374 LA-1, Marksville, Louisiana 71351. The property, built in 2019, sits on a 1.45-acre lot and is currently operating at 100% occupancy under a triple-net (NNN) lease with Dollar General, a highly reputable national retailer. The lease, commencing June 5, 2018, has a remaining term of approximately 8.6 years, extending to June 15, 2033, with three 5-year renewal options, each with a 10% rent increase. The current annual base rent is $84,486, resulting in a compelling 7.25% capitalization rate. The sale price is $1,165,324, translating to $129.11 per square foot, a price point considered below replacement cost. This investment offers a secure, long-term income stream backed by the financial strength of Dollar General Corporation. The property's prominent location on Highway 1 in Avoyelles Parish ensures high visibility and accessibility. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset with significant upside potential. The property's strong financial performance and long-term lease make it an attractive addition to any investment portfolio.

Highlights

  • Triple-net (NNN) leased asset with no landlord responsibilities.
  • Corporate guarantee from Dollar General Corporation ($38.7B in revenue).
  • High-visibility location on Highway 1 in Marksville, LA.
  • Offered below replacement cost at $129 per square foot.
  • Attractive price-to-rent ratio of $9.36 per square foot.
  • 9+ years remaining lease term with renewal options.

Property Details for 4374 La-1

Property type
Retail properties, Retail space
Square Feet
9,026 SF
Year Built
2019
Lot Size (sq. ft)
63,162 SF

Location Insight

City
Marksville
County
Avoyelles Parish
State
Louisiana
Latitude
31.151939632484
Longitude
-92.114081286432
4374 La-1, Marksville, Louisiana

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4374 La-1
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