203 Louisiana StPlain Dealing, LA 71064

Property Details for 203 Louisiana St

Year built

2007

Lot size

1.29 AC

Property size (Sq ft)

10,414 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a 100% occupied, Dollar General-anchored retail center in Plain Dealing, Louisiana. The property, built in 2007, encompasses 10,414 square feet on a 1.29-acre lot and features 40 parking spaces. Two tenants occupy the space, with a primary tenant, Dollar General, boasting a credit-rated, corporate guarantee. The current lease, a Net Lease (NNN) agreement, commenced January 7, 2007, and expires January 31, 2027, leaving approximately 2.2 years remaining. The lease includes two five-year options with rent bumps in each. The property boasts a strong 8.50% cap rate and a Net Operating Income (NOI) of $78,088, with an asking price of $918,682 ($88.22/sq ft). This strategically located center benefits from its proximity to Shreveport and the significant economic development spurred by the upcoming $110 million Teal Jones sawmill, projected to create hundreds of jobs in the area. The well-maintained property presents a low-risk, high-reward investment opportunity in a growing market. The property is offered as a multi-tenant retail investment with a strong anchor tenant and a proven track record of occupancy. The location offers excellent regional connectivity and ample parking for customers.

Location Insight

City

Plain Dealing

County

Bossier Parish

State

Louisiana

Latitude

32.9071

Longitude

-93.7047

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