310 Main St Oak Grove, LA 71263-2540

This exceptional investment opportunity presents a fee-simple ownership of an 8,000-square-foot retail property located at 310 W Main St, Oak Grove, LA 71263. The property, built in 2010, boasts a 100% occupancy rate with a single tenant: a Dollar General, Dollar Tree, and Family Dollar store operating under a triple-net (NN+) lease. The current lease, commenced February 25, 2011, has recently been extended, providing a remaining term of approximately 3.5 years with five additional 5-year renewal options, each including a 10% rent increase. The property generates a strong net operating income (NOI) of $91,025, resulting in an attractive 8.25% capitalization rate. The tenant, Family Dollar, is backed by a corporate guarantee and enjoys an investment-grade credit rating. This build-to-suit location has a proven 15-year operating history, demonstrating the tenant's long-term commitment to the site. Situated on a 1.42-acre lot, the property benefits from high traffic counts exceeding 16,200 vehicles daily at the intersection of Main St and Constitution Ave. This is a rare opportunity to acquire a stable, high-performing retail investment with significant upside potential. The property consists of a single, one-story building.