203 Louisiana St Plain Dealing, LA 71064

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.