6180 La-129, Monterey, LA 71354
Exceptional opportunity to acquire the established Monterey Market, a thriving grocery store located at 6180 LA-129, Monterey, LA 71354. This single-story, Class B retail property boasts 6,300 square feet of net rentable space on a 1.03-acre lot (45,000 sq ft). Currently operating at 100% occupancy as a single-tenant, owner-user business, the property is offered at $850,000. The sale includes the building, the established business, and all associated fixtures and equipment. The property is categorized as a storefront, grocery store, and operates under a NNN lease. Its prime location in Concordia Parish, Louisiana, ensures high demand, as evidenced by strong customer reviews. This turnkey operation presents a unique opportunity for an investor seeking a profitable, established business with significant growth potential. The Associated Grocers affiliation further enhances the market position and profitability of this well-regarded community staple. Property details include APN 0500148777A.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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