4374 La-1Marksville, LA 71351

Property Details for 4374 La-1

Year built

2019

Lot size

1.45 AC

Property size (Sq ft)

9,026 SF

Property type

Retail properties

Property subtype

Retail space

Description

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.

Location Insight

City

Marksville

County

Avoyelles Parish

State

Louisiana

Latitude

31.1519

Longitude

-92.1141

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