Freestanding Dollar General in Abita
For Sale
Contact for pricing
21458 LA-36, Covington, LA
Single tenant Dollar General with minimal landlord responsibilities.
Property Size7,500 SF
Lot Size0.76 Acres
Price / SF$91.84
Days on Market731
Property Features for 21458 LA-36
General Information
Standard status
Active
Size
7,500 SF
Lot size
0.76 Acres
Property subtype
RETAIL
Listing Agency:
Legacy Real Estate Advisors
(248) 450-3257
Listed By:
Dominic Shamany · License ##6501439800
(248) 450-3259
Source:
Moodyscre
Added: Sep 13, 2024
Changed: Sep 4
Last Checked: Sep 13 at 6:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Legacy Real Estate Advisors
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
6k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,532 visits/mo
0.3 miles
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Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Artigue's Abita Market — 22069 LA-59, Abita Springs, LA 70420
Frequently Asked Questions
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 LA-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.
