Listing Agency: NVST Real Estate Solutions

Listed By: Blake Soto · License #995711584 Show Phone

Source: Lacdb.resimplifi

Added: Apr 7, 2025 Changed: Oct 8 Last Checked: Oct 20 at 5:13PM

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• 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.

Property Analytics

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Open Analytics

Current Use

Dollar General Discount Store Western Union Bank

Suggested Use

Top Pick Auto Repair Shop HVAC Service Real Estate Agency Hair Salon Nail Salon Grocery & Convenience Store

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

10

Businesses Nearby

5k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

5,033 visits/mo 0.1 miles

Demographics for 70752, LA

763

Population

341

Households

2.2

Avg Household Size

42

Median Age

25%

College-Educated

80%

High-School Grad

5.9 sq mi

ZIP Area

129

Density / Sq Mi

$115,424

Median Household Income

$46,010

Median Earnings

$197,700

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

Frequently Asked Questions

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 $1,354,381.

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.