Dollar General | 15936 LA Highway 16, French Settlement

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30478420
Property Subtypes: Free-Standing Building
Status: Pending
Building Size (RSF): 9,014 SF
Gross Building Area: See Agent
Gross Land Area: 1.11 Acres
Sale Price: $615,000
Unit Price: $68.23 PSF
Property Use Type: Investment
Building Name: Dollar General
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2020

Overview / Comments

Property is a free-standing Dollar General completed in 2005. In June of 2020 Dollar General executed an early five (5) year extension, taking the existing lease term out to March 31, 2026. Thereafter, DG has five additional 5-year extension options each with a 10% increase in both the rent and the parking lot maintenance reimbursement.

Additional Details

Nearest MSA: Baton Rouge
County: Livingston
Submarket/Township: 80
Tax ID/APN: 0533323
Year Built: 2005
Exterior Description: The exterior of the building is finished with a combination of painted CMUs (along the front of the building) and painted metal panels (on the parapet, sides and rear of the building). The front wall is capped with a painted standing-seam metal panel parapet.
Interior Description: The interiors are finished according to the national Dollar General prototype guidelines at the time of development.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,039 15,591
Median Age: 38.35 36.35
Households: 1,509 5,708

Contact

The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.