4932 La-34West Monroe, LA 71292

Property Details for 4932 La-34

Year built

2017

Lot size

1.82 AC

Property size (Sq ft)

9,100 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a 9,100 square foot, single-tenant, absolute NNN leased convenience store in West Monroe, Louisiana. The property, built in 2017, boasts a strong 7% cap rate and a substantial 7.5 years remaining on the primary lease term with Dollar General, a Fortune 500 company. The lease features three, five-year options with a 10% rent increase in each, providing a built-in hedge against inflation. The tenant, Dollar General, is investment-grade rated (Baa2/BBB) and has demonstrated consistent growth, exceeding $37.8 billion in annual net sales in 2023. The property sits on a 1.82-acre lot with ample parking (30 spaces) and enjoys excellent visibility from LA-34. The asking price is $1,156,000, translating to $127.03 per square foot. The property's strong tenant, long lease term, and built-in rent increases make it an attractive investment for those seeking stable, passive income with significant upside potential. The Net Operating Income (NOI) is $80,903. This is a truly exceptional opportunity to acquire a high-quality, well-located retail property with a financially sound and expanding tenant.

Location Insight

City

West Monroe

County

Ouachita Parish

State

Louisiana

Latitude

32.4182

Longitude

-92.3628

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].