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33954032
33954035

1382 Louisiana 139, Monroe, LA 71203

ED
NY 10410386411
Matthews
Listed by Matthews
$375,000
4 days on market
Updated 4 days ago

Vacant Dollar General - Monroe, LA

Details
APN 76271
Property Type Retail
Sub Type Convenience Store, QSR/Fast Food (+1)
Square Footage 9,014
Tenancy Vacant
Brand/Tenant Dollar General, Walgreens (+11)
Price per SqFt $42
Broker Co-Op True
Year Built 2005
Buildings 1
Stories 1
Acreage 1.750
Zoning Misc. Commercial
Parking Spaces 30 spaces
Parking per 1,000 SqFt 3.33
Investment Type Owner/User
Ground Lease No

Vacant Retail | Former DG | 9,014 SqFt

Investment highlights

● List price of $375,000 equating to $41.60 per square foot.

● The property is currently vacant, presenting investors with an opportunity to reposition, redevelop, or re-tenant the asset to maximize value and enhance long-term returns.

● 2005 built-to-suit construction for Dollar General including 30 parking spaces and a concrete parking lot.

● 9,014 square foot building with approximate dimension of 70’ - 132’.

● Located on the corner of LA-139 & Lincoln Hills Drive, this ±1.75 acre parcel is exposed to over ±16,400 vehicles per day (VPD).

● Market vacancy rate is only 4.70% and market asking rent estimated to be $13.89. Strong opportunity to lease to achieve returns higher than what is offered in current market (Costar)

● There are over 29,107 residents living within a 5-mile radius and over 103,121 residents living within a 10-mile radius.

● The property has been well kept and any maintenance requests submitted to the landlord were completed in a timely fashion - great building condition.

● Monroe, LA is one of the main markets off I-20 connecting Shreveport, LA to Jackson, MS, which is a major shipping route for the southeast.

● Located less than 5-miles from the University of Louisiana, Monroe (8,277 students), & the Monroe, LA Regional Airport.

Listing Contacts

ED
NY 10410386411
Matthews
Listed by Matthews

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