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5641 Wye Rd Lakeland, LA 70752

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For Sale
$1,354,281

High-yield, single-tenant retail investment.

Property size:
9,026 SF

Description

Added:
Dec 11, 2024
Days on Market:
407
This exceptional investment opportunity presents a 9,026 square foot retail property located at 5641 Wye Rd, Lakeland, Louisiana, 70752. The property sits on a substantial 62,726 square foot lot and is currently 100% occupied by Dollar General under a single-tenant lease with eight years remaining. The building, a single-story structure, offers a strong cap rate of 6.75% and a price per square foot of $150.04, totaling an asking price of $1,354,281. This prime retail location benefits from its proximity to Highway 1 in Northwest Baton Rouge. The investment is further secured by Dollar General's investment-grade credit rating and corporate guaranty, providing a reliable and consistent income stream. The property's excellent condition and the tenant's strong financial performance contribute to a low-risk, high-return investment profile. This is a rare opportunity to acquire a well-maintained, single-tenant retail property with a nationally recognized tenant, offering significant long-term income potential and stability. The property's size and location make it an attractive asset for investors seeking a secure and profitable addition to their portfolio. The current lease ensures a consistent cash flow, minimizing vacancy risks and maximizing return on investment.

Property Features for 5641 Wye Rd

General Information

Property type
Individual retail properties
Square Feet
9,026 SF

Building Details

Buildings
1
Stories
1
Units
1

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Listing Contact
Hardtner Klumpp
Hardtner Klumpp

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Property Insight Report

Property Profile Location Intelligence

Current Use by Public Records

Dollar General Dollar Store Western Union Money Transfer Service

Suggested Use

Realty agency Spa & Massage Auto Repair Shop Hair Salon Nail Salon Food Market HVAC Service Grocery Store

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

Location Insight

  • Map
  • Local Demand
City
Lakeland
County
Pointe Coupee Parish
State
Louisiana
Longitude
-91.424443651572
Latitude
30.593624572657

FAQs

What type of property is this?
Individual retail property - High-yield, single-tenant retail investment.
Where is this individual retail property 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.
More about this property
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