3296 Hwy 165 S - Freestanding FOR SALE


Monroe, LA 71202
$612,000 USD
972-755-5198
3296 Hwy 165 S, Monroe, LA for Sale
$612,000 USD
Freestanding - FOR SALE
1/4
null | 8.74% Cap Rate

3296 Hwy 165 S
Monroe, LA 71202


HIGHLIGHTS

  • Double Net Lease With 2.3 Years Remaining
  • Just Off Signalized Hard Corner of U.S. Highway 165 (25,261 VPD)
  • Below-Market Rent ($6.85/SF) | Low Price-Point
  • Proven 23-Year Operating History With Three Exercised Options
  • Near Elementary School, Regional Zoo, and Ochsner LSU Health Medical Center
  • 113,000+ Residents and 134,000+ Daytime Population Within 15 Miles

OVERVIEW

Offered for sale is the opportunity to acquire a double net lease Family Dollar in Richwood, LA. The property consists of a 7,810-square-foot, freestanding building that sits on approximately 0.90 acres of land. There are 2.3 years remaining on the lease with 10% rental increases every five years. Broker of Record Steve Greer 10527 Kentshire Ct., Ste. B Baton Rouge, LA 70810 (225) 376-6800 Lic #: BROK.995710346-ACT

FOR SALE DETAILS

PRICE

$612,000 USD

PRICE/SF

$77 USD /SF

CAP RATE

8.74%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar (23-Year Operating History)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

Commercial

APN/PARCEL ID

14796

ASK ABOUT THIS PROPERTY

Luke SullivanMarcus & MillichapMore Info
972-755-5198

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Luke SullivanMarcus & MillichapMore Info
972-755-5198

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