116 N Magnolia St - Freestanding FOR SALE


Gramercy, LA 70052- St James Parish
$739,500 USD
813-697-1255
116 N Magnolia St, Gramercy, LA for Sale
$739,500 USD
Freestanding - FOR SALE
1/7
null | 8% Cap Rate

116 N Magnolia St
Gramercy, LA 70052
St James Parish


HIGHLIGHTS

  • Long Term Tenant
  • Plus Size Store
  • Brand New Roof & Store Refresh
  • Strong Historical Sales
  • Investment Grade Credit
  • Dominant Market-Share Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Dollar General investment property located at 116 N Magnolia Street in Gramercy, Louisiana (the “Property”). Dollar General has been at this location since 1996 and recently extended their double net lease demonstrating their commitment to this location and market. Dollar General has 4+ years of term remaining and is followed by six, 5-year renewal options. The lease features 10% rent increases at the start of each renewal option. The Property benefits from a corner location at the intersection of N Magnolia Street and Main Street (LA Route 641), the primary commercial corridor traversing Gramercy, LA. Gramercy is located along the banks of the Mississippi River approximately 45 miles west of New Orleans.

FOR SALE DETAILS

PRICE

$739,500 USD

PRICE/SF

$44 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

100121100

ASK ABOUT THIS PROPERTY

Chris KingHorvath & TremblayMore Info
813-697-1255

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Chris KingHorvath & TremblayMore Info
813-697-1255

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.