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Freestanding Dollar General in Abita Springs

21458 Hwy 36, Covington, LA

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For Sale

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Single tenant Dollar General with minimal landlord responsibilities.

Type:RETAIL

Property size:

7,500 SF

Lot size:

0.76 Acres

Price / SF:

$91/SF

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.
Strategically situated directly along Hwy 36 experiencing over 8,000+ vehicles passing site daily.
Strong demographics: 20,000+ people reside within 3 miles, 6,000+ daytime employees, and average household income exceeds $77,000+ within 3 miles.
Projected population and household growth through 2027 within 1 mile radius.

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Listing Contact

Dominic Shamany

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For Sale

Contact for pricing

Single tenant Dollar General with minimal landlord responsibilities.

Type:RETAIL

Property size:

7,500 SF

Lot size:

0.76 Acres

Price / SF:

$91/SF

Added:: Sep 13, 2024
Days on Market:: 641
Last Refresh:: May 20 at 8:23 pm

Property Features for 21458 Hwy 36

General Information

Standard status: Active
Size: 7,500 SF
Lot size: 0.76 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Dominic Shamany

Listing agent Dominic Shamany License ##6501459747

Listing office Legacy Real Estate Advisors

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

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.
Strategically situated directly along Hwy 36 experiencing over 8,000+ vehicles passing site daily.
Strong demographics: 20,000+ people reside within 3 miles, 6,000+ daytime employees, and average household income exceeds $77,000+ within 3 miles.
Projected population and household growth through 2027 within 1 mile radius.

Overview

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

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Location Insight

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Local Demand

City: Covington
County: St. Tammany
State: Louisiana
Longitude: -90.048
Latitude: 30.483

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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.

21458 Hwy 36, Covington, LA

Single tenant Dollar General with minimal landlord responsibilities.

Property Features for 21458 Hwy 36

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Tenant Occupied Office Building

Turn-Key Restaurant with Equipment Included

Retail Property on Pinnacle Parkway

Corner Office Suite

Elegant Townhouse in Terra Bella

Turn Key Restaurant Opportunity

Covington Mixed-Use Investment Opportunity

Versatile Office Building For Sale

Covington Class A Office Condos

Covington Retail Space For Sale

Tenant Occupied Office Building

New Warehouse Condos For Sale

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