List Search

1382 Highway 139
Monroe, LA 71203

$726,000 USD

Freestanding For Sale  •  8,000 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 9,014 SF
  • Lot Size 1.75 AC
  • Building Class B
  • Year Built 2005
  • Tenancy Single
0 Transit Score
9 Walk Score

Highlights

List price of $726,000 yielding an attractive 9.00% cap rate.
The tenant has been operating at this location for ±19 years and has exercised two, 5-year options to extend
The lease contains three, 5-year options to extend with 10% rental increases.
2005 built-to-suit construction for Dollar General including a ±9,014 square foot building and concrete parking lot.
Located on the corner of LA-139 & Lincoln Hills Drive, this ±1.75 acre parcel is exposed to over ±16,400 vehicles per day (VPD).
There are over 29,107 residents living within a 5-mile radius and over 103,121 residents living within a 10-mile radius.

Public Transportation

AirportDriveWalkDistance
Monroe Regional 11 min - 6.2 mi
Edward Desimone 732-832-5414 Matthews Real Estate Investment Services
Edward Desimone 732-832-5414 Matthews Real Estate Investment Services