5641 Wye Rd, Lakeland, LA 70752

Listing agent Hardtner Klumpp License #LA 0995681882

Listing office NVST Real Estate Solutions

Listing date Apr 22, 2024

Source Crexi

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Overview

Located at 5641 Wye Rd in Lakeland, Louisiana, this retail property is situated just off HWY 1 in Northwest Baton Rouge. The property features 9,026 square feet of retail space on a 62,726 square foot lot. The property is leased to Dollar General, offering a passive income stream. The single-tenancy property has a 100% occupancy rate. The corporate guaranty from Dollar General, a $36 billion company, ensures continued rental growth. The property offers a 6.75% cap rate.

Suggested Use

Real Estate Agency Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Food Market HVAC Service Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Lakeland

County

Pointe Coupee

State

Louisiana

Longitude

-91.4247426

Latitude

30.5944583

FAQs

What type of property is this?

Grocery and convenience store - Retail space leased to Dollar General in Lakeland, Louisiana.

Where is this grocery and convenience store located?

The property is located at 5641 Wye Rd Lakeland, LA.

What is the asking price?

The asking price for this property is $1,354,281.

What are key features of this property?

This property features: Stable, long‑term lease with Dollar General providing a passive income stream.; Corporate guaranty from Dollar General, a $36 billion company, ensuring continued rental growth.; Attractive 6.75% cap rate.