REIT Sale | Former Family Dollar | 19K VPD | 2014 Built | Baton Rouge MSA

Description:

RI Marketplace Online Auction July 28-30, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2557/reit-sale-former-family-dollar-19k-vpd-2014-built-baton-rouge-msa?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2557

Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 12902 Highway 190 in Port Allen, West Baton Rouge Parish, LA 70767 (the “Property”). Formerly occupied by Family Dollar, the Property is being offered significantly below replacement cost, providing an excellent opportunity for owner/users or investors to acquire a highly visible commercial property with highway frontage at a significant discount. FIRST BID MEETS RESERVE!

Built in 2014, the Property features a one-story, free-standing retail building totaling ±8,529 gross square feet, situated on a ±0.9138-acre parcel (±39,804 SF) with 44 total surface parking spaces. The site offers excellent accessibility via one dedicated ingress/egress curb cut and prime frontage on Hwy 190/Ronald Reagan Highway, ensuring strong visibility with 19,061 vehicles passing the site daily. The Property was previously occupied by Family Dollar On a NNN lease, presenting an outstanding value-add opportunity for owner-users or investors to reposition and lease-up at long-term market rates (Costar estimated retail rents $15-18/SF NNN). Zoned C-1.3, Commercial District, the Property allows for a variety of commercial uses, providing flexibility for redevelopment or alternative tenant types.

The Property is located in Port Allen, Louisiana, a strategically positioned community within West Baton Rouge Parish and part of the greater Baton Rouge metropolitan area. Positioned directly along U.S. Highway 190 (Ronald Reagan Highway) with strong visibility and access, the Property benefits from its proximity to Interstate 10 (±1.5 miles south), a major east-west transportation corridor that connects Port Allen to Baton Rouge (±5 miles east) and Lafayette (±55 miles west)—two of Louisiana’s largest economic and population centers. Port Allen serves as a key logistical, commercial, and governmental hub on the west bank of the Mississippi River, with direct access to the Huey P. Long Bridge, facilitating consistent consumer and freight traffic through the area. The Property is surrounded by a strong mix of national retailers, including Family Dollar, Dollar Tree, Walmart, Walgreens, Burger King, Popeyes, and McDonald’s, reinforcing the corridor’s established role as a high-traffic commercial destination. The site is also located just minutes from Downtown Baton Rouge, Louisiana State University (LSU) with over 37,000 students, and ExxonMobil’s Baton Rouge Refinery, one of the largest oil refineries in the U.S., all of which contribute to strong daytime population and economic activity in the area. With nearly 5,000 residents within a 5-mile radius and an extended 10-mile trade area population of approximately 16,500, along with an average household income exceeding $88,500, the Property is well-positioned for long-term viability as a retail, service, or commercial investment in an accessible submarket of South Louisiana.

Lamar P. Fisher
Fisher Auction Company Inc.
License: 1983
Co: AB-424

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