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Commercial Investment Property – Pays $91,025 Annually - $1,137,800 (Oak Grove, LA)
condition:
excellent
make / manufacturer:
Store Building / Concrete Steel
size / dimensions:
80 X 100 ft
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Built in 2011 as a build-to-suit location for Family Dollar, this well-maintained commercial retail property offers a stable, income-producing investment opportunity. The tenant has demonstrated strong long-term commitment to the location through consistent lease renewals.
The 8,000 sq. ft. building features durable steel and concrete construction and sits on a prominent corner at the intersection of
Main Street and Constitution Street, with a large concrete parking lot providing ample customer access.
The current lease runs through 2028 and includes five (5) additional five-year renewal options, each with 10% rental increases, offering strong long-term income growth potential.
Offered for sale by the LLC owner, the $1,137,800 asking price reflects an 8% cap rate, making this a solid and predictable investment opportunity.
Oak Grove, Louisiana, the parish seat of West Carroll Parish, is a busy and vibrant rural community that serves as a commercial hub for the surrounding agricultural region.
Contact us for additional financial details or leasing information.