Current Use by Public Records
- Dollar General / Discount Store
- Redbox / Cinema / (Bike/Boat/Book/etc) Store
- Western Union / Bank / Credit Union
- J&S Crispy Donut LLC / Bakery / Discount Store
Property Details for 203 Louisiana St
- Year built
- 2007
- Lot size
- 1.29 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a 100% occupied, Dollar General-anchored retail center in Plain Dealing, Louisiana. The property, built in 2007, encompasses 10,414 square feet on a 1.29-acre lot and features 40 parking spaces. Two tenants occupy the space, with a primary tenant, Dollar General, boasting a credit-rated, corporate guarantee. The current lease, a Net Lease (NNN) agreement, commenced January 7, 2007, and expires January 31, 2027, leaving approximately 2.2 years remaining. The lease includes two five-year options with rent bumps in each. The property boasts a strong 8.50% cap rate and a Net Operating Income (NOI) of $78,088, with an asking price of $918,682 ($88.22/sq ft). This strategically located center benefits from its proximity to Shreveport and the significant economic development spurred by the upcoming $110 million Teal Jones sawmill, projected to create hundreds of jobs in the area. The well-maintained property presents a low-risk, high-reward investment opportunity in a growing market. The property is offered as a multi-tenant retail investment with a strong anchor tenant and a proven track record of occupancy. The location offers excellent regional connectivity and ample parking for customers.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Plain Dealing
- County
- Bossier Parish
- State
- Louisiana
- Longitude
- -93.7047
- Latitude
- 32.9071
