21458 Hwy 36 Covington, LA
Call to check price and availability
Single tenant Dollar General with minimal landlord responsibilities.
Type:RETAIL
Property size:
7,500 SFLot size:
0.76 AcresPrice / SF:
$91/SF- Added:
- Sep 13, 2024
- Days on Market:
- 594
- Last Refresh:
- Apr 5 at 10:42 pm
Property Features for 21458 Hwy 36
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Lot size
- 0.76 Acres
- Property subtype
- RETAIL
Listing agent Dominic Shamany License ##6501459747 (248) 450-3259
Listing office Legacy Real Estate Advisors (248) 450-3259
Listing date Sep 13, 2024
Source Moodyscre
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
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
Similar Places Nearby
- The Gloriette — 428 e boston st, covington, la 70433
Location Insight
- Map
- Local Demand
- City
- Covington
- County
- St. Tammany
- State
- Louisiana
- Longitude
- -90.048
- Latitude
- 30.483
Nearby Similar for Sale
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 Hwy 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.
