7,617sf Former Dollar General

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30135950
Property Subtypes: Free-Standing Building
Building Size (RSF): 7,617 SF
Gross Building Area: 8,000 SF
Sale Price: $450,000
Unit Price: $59.08 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Dollar General
Usable Size (USF): 7,617 SF
Sale Terms: Cash to Seller
Cap Rate: 10.0%
Last Updated: 9/15/2017

Overview / Comments

Guaranteed 10 CAP rents through 2023! This property was the previous
location of Dollar General which has since moved into the former Walmart
location 1 mile west on Avenue G. Prior to moving, Dollar General
executed the second 5 year option. The current term runs through
December 31, 2018 with the second option term beginning January 1, 2019 and running through December 31, 2023.

Description: 7,617sf of high visibility retail space. Great access to Interstate traffic on the major thoroughfare through Kentwood, LA. Building is in great condition and move in ready. Nearby tenants and amenities include: Auto Zone, Sunflower Supermarket, Fred's Pharmacy, Family Dollar, Super Dollar, Popeye's Chicken, Sonic

Property Highlights:
- Great Visibility
- Ample Parking
- Proximity to Interstate
- Good Traffic Count
- White box and ready for tenancy

Additional Details

Nearest MSA: Hammond
County: Tangipahoa
Submarket/Township: 86
Taxing Authority: Tangipahoa
Tax ID/APN: 0KENT00000838
Retail Clientele: General
Property Located Between: I-55 and Hwy 51
Property Visibility: Excellent
Largest Nearby Street: Avenue G
Feet of Frontage: 150
Traffic/Vehicle Count: 6,393
Highway Access: Less than 1/2 mile from I-55 to the west and and Hwy 51 to the east
Site Description: This is the former Dollar General site in Kentwood, LA.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 8,000 SF
Property Condition: Excellent
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 25
Parking Type: Surface
Sprinklers: Wet
Heat Type: Electricity
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: White Box and ready for new tenant
Zoning Description: Commercial
Legal Description: E 100 FT OF N 189 FT OF LOT 20 BLK 1 KENTWOOD B245 P200 B426 P211 B674 P846 B944 P123 XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX AN IRREGULAR LOT IN THE W1/2 OF N 190 FT OF LOT 22 BLK 1 MEAS 52 1/2 FT E & W BY A DEPTH OF190 FT N & S BPL LESS & EXCEPT A PARCEL OF LAND SOLD TO BOBBY GILL MEAS 24 1/2 FT BY 103 FT KENTWOOD B435 P393 B941 P738 B944 P123 B961 P108 B1006 P212-216 B1270 P853

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,345 4,218
Median Age: 41.59 36.54
Households: 505 1,590

Contact

Photograph of Listing Agent

Bradley Cook

Stirling Properties
Covington, LA
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