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Property profile

14060 Veteran Memorial Hwy Turkey Creek, LA 70585

OFF-MARKET
Retail properties & Spaces
9,026 SF Built 2021
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 9,026 square foot Dollar General store located at 14060 Veteran Memorial Hwy, Turkey Creek, LA 70585. Built in 2021, the property boasts a strong 7.15% cap rate and a substantial net operating income (NOI) of $93,904. The absolute NNN lease, backed by a corporate guarantee, significantly minimizes landlord responsibilities. With 11.3 years remaining on the primary lease term and three 5-year renewal options, this investment offers exceptional long-term stability. The property benefits from a prime location on Veteran Memorial Hwy, experiencing over 2,500 vehicles per day. The surrounding area features an estimated population of 2,529 within a 5-mile radius and an average household income of $63,334. Dollar General, a recession-resistant tenant with a BBB credit rating, is the sole corporate tenant in the immediate area, ensuring minimal competition. The asking price is $1,313,348, translating to $145.51 per square foot. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with significant upside potential. The property's strong financials, coupled with the tenant's creditworthiness and lease terms, make this an attractive addition to any portfolio.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2021
Total area 9,026 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

14060 Veteran Memorial Hwy Turkey Creek, LA 70585
Turkey Creek metro
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Value estimations

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Owner & transaction history

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