Building Details

Year Built 2008

Buildings 1

Stories 1

Tenancy Single

Listing Agency: SRS Real Estate Partners Tampa Show Phone

Listed By: Patrick Nutt · License #BK3120739

Source: Crexi

Added: Mar 27 Changed: Aug 8 Last Checked: Aug 10 at 3:19PM

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Investment Insights

Based on property information with market context.

Located at 77280 Landry Drive in Maringouin, Louisiana, this property features a single-tenant Dollar General with a corporate guaranty (S&P: BBB). The property has been operating for 17 years. The net operating income is $77,592 with a cap rate of 8.50%. This NN leased property offers a passive investment with limited landlord responsibilities. Dollar General has been operating since 2008 and has a lease term until 2029, providing a stable income stream with scheduled rental increases. The lease includes two 5-year renewal options, with a 10% increase at the beginning of each option period. The property is located off State Hwy 77 with limited competition, supported by over 12,000 residents and 2,000 employees in the 10-mile trade area, which has an average household income of $83,124. The property size is 9,014 square feet.

Key Highlights

• Corporate guaranty from Dollar General (S&P: BBB) provides a secure investment
• Net Operating Income (NOI) of $77,592 and a Cap Rate of 8.50%
• NN Lease structure offers passive income with limited landlord responsibilities

Property Analytics

Property Profile

Current Use

Dollar General Discount Store Western Union Bank FedEx OnSite Postal Service

Suggested Use

Top Pick Building Supply Auto Parts Store Pharmacy Hair Salon Barber Shop Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

86

Businesses Nearby

5k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Exxon Shops & Services

2,615 visits/mo 0.1 miles

Dollar General Shops & Services

2,535 visits/mo 0.1 miles

Demographics for 70757, LA

3,056

Population

1,391

Households

2.2

Avg Household Size

42

Median Age

10%

College-Educated

87%

High-School Grad

105.9 sq mi

ZIP Area

29

Density / Sq Mi

$41,477

Median Household Income

$33,420

Median Earnings

$762

Median Rent

$132,500

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this grocery and convenience stores located? What is the asking price? Find similar properties ... What are key features of this property?

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Similar Off Market Nearby

• Bobbens Supermarket — 77385 Landry Dr, Maringouin, LA 70757

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Single-tenant Dollar General in Maringouin, LA with corporate guaranty.

Where is this grocery and convenience store located?

The property is located at 77280 Landry Dr Maringouin, LA.

What is the asking price?

The asking price for this property is $862,133.

What are key features of this property?

This property features: Corporate guaranty from Dollar General (S&P: BBB) provides a secure investment; Net Operating Income (NOI) of $77,592 and **a Cap Rate of 8.50%**; NN Lease structure offers passive income with limited landlord responsibilities