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    553 Highway 1 Marksville, LA 71351

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    For Sale
    $1,568,000

    Dollar General store with early extension and rent increase.

    Property size:
    12,480 SF
    Lot size:
    2.19 Acres

    Property Features for 553 Highway 1

    General Information

    Size
    12,480 SF
    Lot size
    2.19 Acres

    Source: Marcus & Millichap Agent Jeff R Rowlett

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Dollar General Investment Opportunity

    This property is leased to Dollar General, operating over 18,800 stores under a corporate guarantee. The tenant reimburses real estate taxes and CAM, and pays insurance directly. The tenant is also responsible for HVAC repair and replacement, and pays an estimated $300 per month for parking lot maintenance and repair. A five-year early extension was executed in 2022, extending the lease through June 30, 2030. There are two five-year options with rent increases. A 10 percent rent increase is scheduled for July 1, 2025.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Kitchen & Bath HVAC Service Food Market Grocery Store Plumbing Service Pet Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marksville
    County
    Avoyelles
    State
    Louisiana
    Longitude
    -92.217155
    Latitude
    31.109484

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    FAQs

    What type of property is this?
    Grocery and convenience store - Dollar General store with early extension and rent increase.
    Where is this grocery and convenience store located?
    The property is located at 553 Highway 1 Marksville, LA.
    What is the asking price?
    The asking price for this property is $1,568,000.
    What are key features of this property?
    This property features: - 94th percentile nationwide Dollar General store based on Placer.ai data.; - Corporate guarantee from a company operating over 18,800 stores.; - Leased through 6/30/2030 after a five-year early extension in 2022.
    (262) 364-1930
    Request Owner's contact information
    553 Highway 1 Marksville, LA 71351
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    Marksville, LA 71351
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    553 Highway 1 Marksville, LA 71351
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