4374 La-1 Marksville, LA 71351
- Retail properties
- 9,026 SF
- 1.45 lot acres
Current Use by Public Records
- Retail properties
Property Details for 4374 La-1
- Year built
- 2019
- Lot size
- 1.45 lot acres
- Property size
- 9,026 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 9,026-square-foot freestanding Dollar General store located at 4374 LA-1, Marksville, Louisiana 71351. The property, built in 2019, sits on a 1.45-acre lot and is currently operating at 100% occupancy under a triple-net (NNN) lease with Dollar General, a highly reputable national retailer. The lease, commencing June 5, 2018, has a remaining term of approximately 8.6 years, extending to June 15, 2033, with three 5-year renewal options, each with a 10% rent increase. The current annual base rent is $84,486, resulting in a compelling 7.25% capitalization rate. The sale price is $1,165,324, translating to $129.11 per square foot, a price point considered below replacement cost. This investment offers a secure, long-term income stream backed by the financial strength of Dollar General Corporation. The property's prominent location on Highway 1 in Avoyelles Parish ensures high visibility and accessibility. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset with significant upside potential. The property's strong financial performance and long-term lease make it an attractive addition to any investment portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marksville
- County
- Avoyelles Parish
- State
- Louisiana
- Longitude
- -92.1141
- Latitude
- 31.1519
