Dollar General NNN
For Sale
$1,050,000
2310 Cecilia Sr High School Highway, Breaux Bridge, LA 70517
Freestanding retail asset with an established NNN lease and multiple extension options.
Property Size9,026 SF
Lot Size1.15 Acres
Price / SF$116.33
Days on Market165
Property Features for 2310 Cecilia Sr High School Highway
General Information
Standard status
Active
Size
9,026 SF
Lot size
1.15 Acres
Property subtype
Investment
Amenities
Water
Sewer
Building Details
Year Built
2011
Tenancy
Single Tenant
Listing Agency:
Waters & Pettit Commercial Real Estate LLC.
(225) 921-1256
Listed By:
Jeremy Hix
(225) 921-1256
Source:
Lacdb.resimplifi
Added: Mar 20
Changed: Aug 30
Last Checked: Aug 30 at 1:18PM
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 Waters & Pettit Commercial Real Estate LLC.
Investment Insights
Based on property information with market context.
This freestanding Dollar General property occupies approximately 1.15 acres in Cecilia, Louisiana. The store was constructed in 2011 and operates under a NNN lease that began in April 2011. The agreement provides four subsequent five-year option periods, with a 10% rental increase scheduled during each option period.
The property is positioned on Highway 347 in Cecilia, just outside Lafayette and near Cecilia High School. Its location within the town provides convenient access to the surrounding community and places the store near an established local educational landmark.
The property is positioned on Highway 347 in Cecilia, just outside Lafayette and near Cecilia High School. Its location within the town provides convenient access to the surrounding community and places the store near an established local educational landmark.
Key Highlights
- Freestanding Dollar General store on Highway 347 in Cecilia, LA
- Approximately 1.15+/- acres of land
- Constructed in 2011
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$94,638
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,892,760
$1.9M
Cap Rate 7%
$1,351,971
$1.4M
Cap Rate 9%
$1,051,533
$1.1M
Market Conditions
NOI Build-Up for 9,026 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$135.4K $15.00/SF
− Vacancy
−$9.2K −$1.02/SF
EGI
$126.2K $13.98/SF
− OpEx
−$31.5K −$3.49/SF
NOI
$94.6K $10.49/SF
Area
St. Martin County, LA
Vacancy
6.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,892,760
Cap Rate 7%
$1,351,971
Cap Rate 9%
$1,051,533
Alternative Uses
Best Use
Specialty Retail
$1.35M
$1.18M – $1.58M
NOI $94,638 @ 7.0% cap · market cap 9.01%
Second Best
Retail
$1.25M
$1.10M – $1.46M
NOI $87,612 @ 7.0% cap · market cap 8.34%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,748 @ 7.0% cap · market cap 13.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
17k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 71%
Shops & Services 29%
Piggly Wiggly
Groceries
11,703 visits/mo
0.0 miles
Dollar General
Shops & Services
4,799 visits/mo
0.1 miles
Demographics for 70517, LA
26,434
Population
11,884
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
81%
High-School Grad
168.7 sq mi
ZIP Area
157
Density / Sq Mi
$58,342
Median Household Income
$40,119
Median Earnings
$938
Median Rent
$151,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding retail asset with an established NNN lease and multiple extension options.
Where is this nnn property located?
The property is located at 2310 Cecilia Sr High School Highway Breaux Bridge, LA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Freestanding Dollar General store on Highway 347 in Cecilia, LA; Approximately 1.15+/- acres of land; Constructed in 2011
