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    1035 Cedar Ln Ville Platte, LA 70586

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    For Sale
    $1,252,059

    NNN leased Dollar General with approximately 10.5 years remaining.

    Property size:
    9,026 SF
    Lot size:
    7.06 Acres

    Property Features for 1035 Cedar Ln

    General Information

    Size
    9,026 SF
    Lot size
    7.06 Acres

    Source: Matthews Real Estate Investment Services - Corporate Agent Gannon Ethington

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

    Overview

    Dollar General NNN Investment Opportunity

    This property is an absolute NNN leased Dollar General, offering passive ownership with zero landlord responsibilities. The tenant, Dollar General, has a "BBB" credit rating from S&P, indicating strong creditworthiness and financial stability. The lease has approximately 10.5 years of lease term remaining, providing secure and predictable income. The property benefits from an exclusive market position with no direct competition in the immediate vicinity. Dollar General has demonstrated consistent performance across economic cycles and was recognized with a globe business excellence award for its operational resilience during the COVID-19 pandemic. The property is located on Veteran Memorial Highway, which sees traffic counts of 2,600 vehicles per day. The property size is 9,026 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Spa & Massage Wholesale Shop Hair Salon Nail Salon Hotel & Motel Food Market HVAC Service Electronics Store Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ville Platte
    County
    Evangeline
    State
    Louisiana
    Longitude
    -92.414675
    Latitude
    30.875651

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    FAQs

    What type of property is this?
    Grocery and convenience store - NNN leased Dollar General with approximately 10.5 years remaining.
    Where is this grocery and convenience store located?
    The property is located at 1035 Cedar Ln Ville Platte, LA.
    What is the asking price?
    The asking price for this property is $1,252,059.
    What are key features of this property?
    This property features: - Absolute NNN lease - Zero landlord responsibilities, offering true passive ownership.; - Long-term lease - Approximately ±10.5 years of lease term remaining, providing secure and predictable income.; - Investment-grade tenant - Dollar General holds a “BBB” credit rating from S&P, reflecting strong creditworthiness and financial stability.
    (309) 737-7869
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    1035 Cedar Ln Ville Platte, LA 70586
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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
    1035 Cedar Ln Ville Platte, LA 70586
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