Property summary
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.
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Property description
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