77280 Landry Dr - Freestanding FOR SALE


Maringouin, LA 70757
$912,847 USD
954-302-7365
77280 Landry Dr, Maringouin, LA for Sale
$912,847 USD
Freestanding - FOR SALE
1/5
null | 8.5% Cap Rate

77280 Landry Dr
Maringouin, LA 70757


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
  • Located Off of State Hwy 77 | Limited Competition

OVERVIEW

• Dollar General has operated at this location for 17 years and has 3+ years remaining on their current lease with 2 (5-year) options to extend • The lease features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation • The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,580 location as of May 2025

FOR SALE DETAILS

PRICE

$912,847 USD

PRICE/SF

$101 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General - Maringouin LA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,740 SF

ZONING

GC

APN/PARCEL ID

09-11049610

ASK ABOUT THIS PROPERTY

Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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