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Dollar General Investment Opportunity

553 Highway 1, Marksville, LA

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For Sale

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Dollar General store with early extension and rent increase.

Type:RETAIL

Property size:

12,480 SF

Lot size:

2.19 Acres

Price / SF:

$125/SF

HighLights

94th percentile nationwide Dollar General store based on Placer.ai data.
Corporate guarantee from a company operating over 18,800 stores.
Leased through 6/30/2030 after a five‑year early extension in 2022.
10 percent rent increase on 7/1/2025, representing a 7.70 percent cap rate at offering price.
Tenant reimburses real estate taxes and CAM, and pays insurance directly.
Two five‑year options with increases.

We can help!

Listing Contact

Jeff R Rowlett

Learn more

For Sale

Contact for pricing

Dollar General store with early extension and rent increase.

Type:RETAIL

Property size:

12,480 SF

Lot size:

2.19 Acres

Price / SF:

$125/SF

Added:: May 3, 2024
Days on Market:: 774
Last Refresh:: May 20 at 8:04 pm

Property Features for 553 Highway 1

General Information

Standard status: Active
Size: 12,480 SF
Lot size: 2.19 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Jeff R Rowlett

Listing agent Jeff R Rowlett License #(S):WI:74743-94,IL:471.016866

Listing office Marcus & Millichap

Listing date May 3, 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 Marcus & Millichap

HighLights

94th percentile nationwide Dollar General store based on Placer.ai data.
Corporate guarantee from a company operating over 18,800 stores.
Leased through 6/30/2030 after a five‑year early extension in 2022.
10 percent rent increase on 7/1/2025, representing a 7.70 percent cap rate at offering price.
Tenant reimburses real estate taxes and CAM, and pays insurance directly.
Two five‑year options with increases.

Overview

This property is leased to Dollar General, operating over 18,800 stores under a corporate guarantee. The tenant reimburses real estate taxes and CAM, and pays insurance directly. The tenant is also responsible for HVAC repair and replacement, and pays an estimated $300 per month for parking lot maintenance and repair. A five-year early extension was executed in 2022, extending the lease through June 30, 2030. There are two five-year options with rent increases. A 10 percent rent increase is scheduled for July 1, 2025.

Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

Location Insight

Map
Local Demand

City: Marksville
County: Avoyelles
State: Louisiana
Longitude: -92.2172
Latitude: 31.1095

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What type of property is this?

Grocery and convenience store - Dollar General store with early extension and rent increase.

Where is this grocery and convenience store located?

The property is located at 553 Highway 1 Marksville, LA.

What is the asking price?

The asking price for this property is $1,568,000.

What are key features of this property?

This property features: 94th percentile nationwide Dollar General store based on Placer.ai data.; Corporate guarantee from a company operating over 18,800 stores.; Leased through 6/30/2030 after a five‑year early extension in 2022.

553 Highway 1, Marksville, LA

Dollar General store with early extension and rent increase.

Property Features for 553 Highway 1

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Commercial Property in Marksville, LA

Multi-Building Commercial Portfolio

Marksville Office Space For Sale

Commercial Building on Highway 1

Commercial Building on Highway 1

Fifth Ward Income Property

Commercial Building on Highway 1

Commercial Property on Highway 1

Commercial Building on Hwy 1

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