Stan Johnson Company Brokers Sale of Net Lease Dollar Store Property in Louisiana for $1.5 Million
Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a single-tenant net lease retail property occupied by Dollar General. The 10,640-square-foot property is located at 9413 Highway 165 South in Woodworth, Louisiana. Stan Johnson Company’s Ryan Roedersheimer represented the seller, a local developer. A 1031 exchange buyer based in Connecticut purchased the asset for $1.5 million, reflecting a 6.40 percent cap rate.
“The buyer was specifically targeting the state of Louisiana, and he had just missed his chance on another Dollar General we were selling,” said Roedersheimer, Associate Director in Stan Johnson Company’s Cincinnati, Ohio office. “We presented him with this pre-market opportunity in close proximity to the original property, and it turned out to be a win-win transaction. His full price offer, as well as his flexibility with some minor sticking points, resulted in everyone accomplishing their goals.”
The newly constructed property was built in 2020 and is situated on 1.55 acres in central Louisiana. The asset featured a long-term absolute triple net lease with renewal options and rental increases.
About Stan Johnson Company:
Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses on investment sales transactions involving retail, office, industrial, healthcare, and specialty properties. The firm provides acquisition, disposition, sale leaseback, capital markets, and advisory services for institutions, developers, investment funds, corporate occupiers, and private investors across the United States. With a historic focus in the single-tenant net lease sector, Stan Johnson Company is now in its fourth decade of operation and has expanded its service platform in order to better serve its valued clients. The firm has completed more than $40 billion in transactions nationwide and continues to be regarded as the Net Lease Authority® as it focuses on continued growth and expansion into other industry sectors and services. To learn more about Stan Johnson Company, please visit: www.stanjohnsonco.com.