ABOUT 2574 WINNSBORO RD , MONROE, LA 71202

  • Price: $1,236,000
  • Sale Type Investment
  • Cap Rate: 6.85%
  • Sale Conditions: Investment Triple Net
  • Property Type: Retail
  • Property Sub-type: Freestanding General Retail Storefront Retail/Office
  • Building Class: B
  • Lot Size: 2.08 AC
  • Gross Leasable Area: 9,026 SF
  • No. Stories: 1
  • Year Built: 2018
  • APN / Parcel ID: 13875

Get NNN Lease Property list

DESCRIPTION

Store opened in October 2018 with 15-year absolute NNN lease through October 2033. Monroe is the Principal City of the Monroe Metropolitan Statistical Area, which includes the parishes of Ouachita and Union. Large 9,026 building with concrete parking lot.

HIGHLIGHTS

  • Conveniently located on Highway 870, directly north of I-20.
  • Brand new construction completed in 2019.
  • Rare Opportunity to Acquire a Brand New Dollar General in Metro Monroe, LA.
  • Dollar General: S&P BBB+ Rated, Publicly Trades on New Yorks Stock Exchange as Symbol DG, Market Capitalization Exceeds $26 Billion
  • Single tenant corporate absolute NNN lease for 15 years, with 3/5 Year options with 10% increases.
  • Located just south of Culvert Estates Golf Community and Calvert Crossing Golf Club, across from Southern Pines Estates development.