For Sale
$1,225,794

1823 La-117Robeline, LA 71469

High-yield, long-term NNN lease. Louisiana retail property.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 9,100-square-foot Dollar General store located at 1823 LA-117 in Robeline, Louisiana, 71469. Built in 2020, this property boasts a strong 7.15% cap rate and a substantial net operating income (NOI) of $87,644. The absolute NNN lease, featuring a corporate guarantee from Dollar General, provides zero landlord responsibilities. With a remaining lease term of 10.4 years and three 5-year renewal options, this investment offers exceptional long-term stability. The property is situated on Hwy 117, experiencing over 2,500 vehicles per day, and serves a population of approximately 1,411 within a 5-mile radius, with an average household income of $44,588. Dollar General, a highly rated tenant with a "BBB" credit rating, benefits from its recession-resistant business model and enjoys a lack of direct competition in the immediate area. The asking price is $1,225,794, translating to a price per square foot of $134.70. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with significant long-term potential.

Property Details for 1823 La-117

Property type
Retail properties, Retail space
Square Feet
9,100 SF
Year Built
2020

Location Insight

City
Robeline
County
Natchitoches Parish
State
Louisiana
Latitude
31.656161303133
Longitude
-93.201073274862
1823 La-117, Robeline, Louisiana

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1823 La-117
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