5236 Old Marksville HwyPineville, LA 71360

Property Details for 5236 Old Marksville Hwy

Year built

2005

Lot size

2.16 AC

Property size (Sq ft)

9,014 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Pineville

County

Rapides Parish

State

Louisiana

Latitude

31.2761

Longitude

-92.3107

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