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27608246
27608247

105 Moore St, Lake Providence, LA 71254

PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
JS
SL3452271, FL
SRS Real Estate Partners South Florida
WW
FL SL3257920
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Tampa, SRS Real Estate Partners South Florida
$833,000
24 days on market
Updated 3 days ago

Dollar General - Lake Providence LA

Details
APN 310179700
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 9,360
Cap Rate 9%
NOI $74,970
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree (+1)
Lease Type NN
Lease Term 21
Lease Expiration 03/31/2029
Remaining Term 2.8
Rent Bumps Yes
Lease Options 2 (5-Year)
Broker Co-Op Yes
Year Built 2009
Buildings 1
Stories 1
Acreage 0.930
Zoning General Commercial
Parking Spaces 45 spaces
Parking Per SqFt 4.81
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 04/01/2008
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange

Retail | 9.00% CAP | 9,360 SqFt

Marketing description

Don't miss out on this single-tenant NN lease with Dollar General! This property is in the top 23% of Dollar General locations according to Placer.AI, boasting a recent lease extension and over 3 years remaining on the lease. Priced at $882,000 with a cap rate of 8.50%, this investment generates a net operating income of $74,970. The Dollar General at this location is corporate-guaranteed (S&P: BBB), providing stability to your investment portfolio. With 10% rental increases at the beginning of each option period and two 5-year extension options, this property offers growth potential. The property has limited landlord responsibilities, making it an ideal low-management investment opportunity for passive investors. Situated in a bustling area with strong demographics and excellent visibility, this is a must-see investment opportunity to add to your portfolio.

Investment highlights

  • 17-Year Operating History | 3+ Years Remaining | Scheduled Rental Increases | Corporate Guaranteed
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Local Demographics in 10-mile Trade Area
  • Along Moore St | Nearby Schools & Hospital | Excellent Visibility & Access

Listing Contacts

PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
JS
SL3452271, FL
SRS Real Estate Partners South Florida
WW
FL SL3257920
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Tampa, SRS Real Estate Partners South Florida

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,970.00
$6,247.50/mo

Valuation Metrics

0
DSCR
9%
Cap Rate
9%
ROI

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