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$ 5,050,000
Est. payment | /mo
14,550 SqFt
$ 5,050,000
Est. payment | /mo
14,550 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 14,550 sqft
Price per Sqft $347
Subdivision Rural Tract (No Subd)
MLS Listing ID 2025002254
Lot Size 1.600 Acres
Property Sub-Type Commercial
Property Description
This prime commercial property presents a rare investment opportunity in Ruston, Louisiana, offering long-term stability with an absolute NNN lease in place with 8 years left and 50 years in options remaining. With zero landlord responsibilities, this property provides effortless income generation. Positioned on a hard signalized corner, it benefits from high visibility with approximately 25,000 vehicles per day. This rare property is surrounded by major national retailers such as Walmart, Family Dollar, KFC, and Jimmy John's, the property is in a thriving retail corridor. It is also one mile from Louisiana Tech University, home to over 12,000 students, and within close proximity to Northern Louisiana Medical Center, Ruston Surgical Center, and Ruston Regional Specialty Hospital, ensuring a steady customer base. Additionally, the site is just south of Ruston's 18-block historic downtown district, a vibrant economic and cultural hub. As an absolute NNN lease, this property offers a truly passive investment with no management responsibilities. This high-performing retail asset combines an exceptional location with a nationally recognized tenant, making it an ideal opportunity for investors seeking consistent returns.This property would make a great 1031 exchange. Contact listing agent today for more details on this exclusive offering!
Location
State LA
County Lincoln
Direction I-20 to North Trenton St. Travel South to W. California Avenue. Property is on the corner of North Trenton St. and W. California Avenue.
Interior
Heating Central
Cooling Central Air
Exterior
Exterior Feature None
Utilities Available Natural Gas Not Available
Roof Type Tar/Gravel
Private Pool false
Building
Lot Description Corner Lot
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Covington & Associates Real Estate, LLC
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