1714 E MADISON AVENUE $700,000


    1714 E MADISON AVENUE Bastrop, LA 71220

    • 9,000 sq. ft.
    • Commercial
    • MLS# 202510
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    Views: 12 Days On Site: 138

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    Property Details

    This 9,000 SF Family Dollar Store was built in 2003. There is a 20-year lease that expires December 31, 2023. However, there are five (5), 5-year options w/10% rent increases each option period. The current income is $46,000 annual + a 3% override if sales are $2,716,333 or more. The Triple Net lease requires Family Dollar to pay property taxes, insurance and the first $1,200 of repairs in any year. The information for this listing is deemed reliable but not guaranteed.

    • General Features
      • Year Built 2003
      • Subdivision Name PINEHURST ADDN
      • Property Sub Type Retail
      • Mlsarea Major 501 Bastrop & Morehouse Parish
      • County Or Parish MOREHOUSE
    • Building Features
      • Building Area Total 9000
      • Building Features See Remarks
      • Construction Materials Concrete Block
      • Cooling Central Air
      • Cooling Y/N true
      • Electric On Site
      • Roof Built-Up
      • Sewer Public Sewer
      • Parking Features Concrete, Parking/25+ Spaces
      • Heating Central, Electric
      • Heating Y/N true
      • Interior Features See Remarks
      • Gas None
      • Electric On Property Y/N true
      • Flooring Concrete
    • Property Features
      • Lot Features Error: ClassID in tblMLSFieldPropertyType is null.
      • Utilities Electricity Connected


    Rock Gable

    Rock Gable

    Sales Associate

    RE/MAX Premier Realty

    Monroe, LA

    Cell: 318-355-9199


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    Property History

    Date Event Price Percent Change
    -- Current Price Source: Multiple Listing Service New Value: $700,000
    7/20/2022 1:15:00 PM New in Database Source: Multiple Listing Service New Value: $700,000

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    Information comes in part from the IDX/SMART FRAMING program of the NORTHEAST LOUISIANA BOARD OF REALTORS (NELBOR) MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified by the consumer. This site does not display all listings available through the NEBOR MLS. Copyright 2022, NEBOR MLS and RE/MAX Louisiana. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers by be interested in purchasing.

    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.