4374 Highway 1, Marksville, LA 71351

9,026 SF | Retail Building | Marksville, LA 71351 | $1,165,324 ($129/SF) | 7.25% Cap Rate

Asking Price $1,165,324

Property Type: Retail
Square Feet: 9,026 SF
Price / Square Foot: $129

Listing Contacts

Property Info

Property Overview

Cushman & Wakefield's is pleased to offer for sale a 9,026 +/- square foot freestanding, retail building
located at 4374 Highway 1, Marksville, LA 71351. The offering features a NNN lease to DG Louisiana, LLC
with an initial term of 15 years. The lease is guaranteed by Dollar General Corporation (Parent Company).
The annual NNN base rent of $84,486 increases by 10% during each 5-year extension option. The Lease
offers three 5-year renewal potions.

Property Details

Class: C
Year Built: 2019
Stories: 1
Property Subtype: Grocery/Convenience Store, Storefront
Lot Size (sq. ft): 63,162 SF

Highlights

Triple Net (NNN) leased asset (no landlord costs or obligations)
Corporate guaranteed by Dollar General Corporation (Revenue: $38.7 B.)
Prominent location on Highway 1
Offered at below replacement cost ($129 PSF)
Competitive price per square foot as it relates to rent ($9.36 PSF)
9 years of remaining lease term

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