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    21458 Highway 36 Covington, LA 70433

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    For Sale
    $688,800

    Single tenant Dollar General with minimal landlord responsibilities.

    Property size:
    7,500 SF
    Lot size:
    0.76 Acres

    Property Features for 21458 Highway 36

    General Information

    Size
    7,500 SF
    Lot size
    0.76 Acres

    Source: Legacy Real Estate Advisors Agent Dominic Shamany

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

    Overview

    Freestanding Dollar General in Abita Springs

    This single-tenant, freestanding Dollar General property is located in Abita Springs, Louisiana. The lease structure is NN+, indicating minimal landlord responsibilities. The surrounding area has a population exceeding 20,000 within a 3-mile radius, with over 6,000 daytime employees in the same area. The average household income within a 3-mile radius exceeds $77,000. Population growth is projected at +6.62% and household growth at +6.55% within a 1-mile radius from 2022 to 2027. The property is strategically located along Highway 36, which experiences over 8,000 vehicles daily. Dollar General holds an investment-grade credit rating of "BBB" with S&P and has a positive/stable outlook. The store count increases year over year, further strengthening the corporate guaranty. Dollar General has achieved 33 consecutive quarters of same-store sales growth, with 2021 revenues topping $34 billion and a net income of $2.4 billion. As an essential retailer, Dollar General demonstrates pandemic and recession-resistant tenancy. The property size is 7,500 square feet.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Similar Places Nearby

    Rouses Market, The Gloriette

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    St. Tammany
    State
    Louisiana
    Longitude
    -90.047957
    Latitude
    30.482984

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    FAQs

    What type of property is this?
    Grocery and convenience store - Single tenant Dollar General with minimal landlord responsibilities.
    Where is this grocery and convenience store located?
    The property is located at 21458 Highway 36 Covington, LA.
    What is the asking price?
    The asking price for this property is $688,800.
    What are key features of this property?
    This property features: - Investment grade credit rating of "BBB" with S&P and a positive/stable outlook.; - NN+ lease structure - minimal landlord responsibilities.; - Dollar General boasts 33 consecutive quarters of same-store sales growth and 2021 revenues topped $34 billion with $2.4 billion in net income.
    (248) 450-3259
    Request Owner's contact information
    21458 Highway 36 Covington, LA 70433
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    Covington, LA 70433
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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
    21458 Highway 36 Covington, LA 70433
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