Available Properties
Dollar General Anchored Strip Mall
- 203 N Louisiana, Plain Dealing, LA 71064
Listing Broker
Angelo Iacobelli
- angelo@amcreis.com
- (586) 200-0044
Request More Information
Property Details
- Sale Price:
- Cap rate:
- Term Remaining:
- Lease Type:
- Lease Guarantee:
- $918,682
- 9.00%
- 2.2 years
- NNN
- Corporate Guarantee
Highlights
- 100% Occupied: Fully leased shopping center with two tenants nearing 17 years of occupancy.
- Anchor Tenant: Dollar General, a Fortune 500 company with an S&P investment-grade credit rating.
- Established Co-Tenancy: Crispy Donut, a successful local business, has been operating in the center for 17 years, contributing to consistent customer traffic and a vibrant shopping environment.
- Strategic Location: Situated near Shreveport, offering excellent regional connectivity.
- Economic Growth: Proximity to the upcoming $110 million Teal Jones sawmill, expected to create 125 direct jobs and 369 indirect jobs, enhancing local economic prospects.
- Ample Parking: The property offers sufficient parking space to accommodate customer needs.
- Well-Maintained Property: Constructed in 2007, the building has been well-maintained, reducing immediate capital expenditure requirements.
- Competitive Pricing: Offered at $918,682, presenting a compelling investment opportunity in a growing market.
Sale Description
AMC Real Estate Investment Services is pleased to offer for sale this 100% occupied Dollar General-anchored shopping center located at 203 N Louisiana St, Plain Dealing, LA. This center, which spans 10,414 square feet on 1.29 acres, boasts two long-standing tenants, both nearing their 17th year of occupancy, demonstrating strong tenant loyalty and stability.
This prime investment is strategically situated just a short drive from Shreveport, providing excellent regional connectivity. Notably, the Teal Jones Group, a Canadian forestry products company, is constructing a $110 million sawmill in Plain Dealing. Scheduled to commence operations in the summer of 2024 and reach full production by fall 2024, this 235-acre facility is expected to create 125 direct jobs with average annual salaries of $47,000, plus benefits. Additionally, Louisiana Economic Development estimates the project will support at least 369 indirect jobs, totaling approximately 494 new jobs in the region. This significant economic development is poised to enhance the local market appeal and stimulate further growth in the area.
Location
Demographics
| Radius from site | population | average income |
|---|---|---|
|
1 Mile |
3,320 |
$36.7k |
|
3 Mile |
3,894 |
$43.1k |
|
5 Mile |
5,364 |
$49k |
