$1 Auction - Fmr Family Dollar Tree Mt Hermon 36339 Highway 38 Local commercial 995 m² À vendre Mount Hermon, LA 70450 81 673 € (82,08 €/m²)

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing retail building located at 36339 Highway 38 in Mount Hermon, Louisiana 70450 (the “Property”). Formerly occupied by Family Dollar–Dollar Tree, the Property is being offered significantly below replacement cost, creating an exceptional opportunity for owner-users or investors to secure a highly visible retail asset with direct highway frontage at a compelling basis. FIRST BID MEETS RESERVE!
Built in 2022, the Property consists of a ±10,710-SF single-story building situated on a ±1-acre parcel (±43,561 SF) with a concrete surface parking lot offering 31 spaces. Constructed to modern design standards, the building features an open retail floor plan with a flexible footprint adaptable for a wide range of uses. The site provides one point of ingress/egress and ±196 feet of frontage along Louisiana Highway 38, which sees approximately ±1,509 vehicles per day (VPD), ensuring visibility and accessibility. Previously operated in a dual-store format, the Property was leased to Family Dollar–Dollar Tree on a triple-net (NNN) basis. The Property presents a value-add opportunity through lease-up at long-term market rates, with CoStar estimating rents in the range of $6-$8/SF NNN. With no zoning ordinance nor zoning regulations in Washington Parish, the Property can accommodate a wide variety of commercial uses, further enhancing its flexibility and appeal for both investors and owner-users seeking a strategically positioned asset at an attractive cost basis.
The Property is located in Mount Hermon, Louisiana, an unincorporated community in Washington Parish positioned along Louisiana Highway 38, a key east–west connector in the Florida Parishes region of southeast Louisiana. The site benefits from ±196 feet of frontage on LA-38, providing direct access to Franklinton (±12-mi), the Washington Parish seat, and convenient connectivity to larger hubs including Hammond (±45-mi), Baton Rouge (±75-mi), and New Orleans (±80-mi). Proximity to the Mississippi border (±15-mi north) further expands the Property’s regional reach, supporting both local commerce and cross-state pass-through traffic. Washington Parish functions as a regional hub for agriculture, forestry, and small-scale manufacturing, complemented by healthcare and education services that provide long-term stability. Anchors in nearby Franklinton include Riverside Medical Center, Washington Parish Government offices, Franklinton High School, and a concentration of national retailers that generate steady consumer activity. Mount Hermon itself benefits from surrounding agricultural activity and local institutions, including Mount Hermon School (K–12), which contributes to daily traffic in the immediate area. Attractions such as Bogue Chitto State Park (±20-mi east), Fairgrounds Park in Franklinton—home of the annual Washington Parish Free Fair—and the Bogue Chitto River draw visitors from across southeast Louisiana and southwest Mississippi, reinforcing tourism, recreation, and service demand. With a population of approximately ±11,842 residents within a 10-mi area and an average household income (AHHI) above $76k, the Washington Parish trade area is further strengthened by its role in agriculture, manufacturing, and regional transportation.