Investment Overview

Marcus & Millichap is pleased to offer for sale the McDonald's and Prestigious Nails located at 708 Constitution Avenue in Oak Grove, Louisiana. This 3,800-square-foot property offers stable, long-term income from a corporate McDonald’s and value-add potential through its second tenant, Prestigious Nails. The nail salon currently operates on a year-to-year lease at a below-market rate of $8 per square foot, presenting a compelling opportunity for an investor to restructure the lease into a NNN format. The McDonald’s lease is fee simple, with approximately 5.9 years remaining on the primary term. Beginning in August 2030, the lease includes 10 successive five-year renewal options, each featuring a 10 percent rent increase. These built-in escalations provide a hedge against inflation and help ensure returns remain aligned with market trends. The property is centrally located in Oak Grove’s main commercial corridor, directly across from a Walmart Supercenter that has anchored the area’s retail activity since 2006. With strong visibility, convenient access to State Highways 2 and 17, and proximity to national brands such as O’Reilly Auto Parts, Murphy USA, and AutoZone, the site benefits from steady traffic and long-term tenant demand. Oak Grove serves as the retail and service center for West Carroll Parish, a rural region in northwest Louisiana. Although the town has a population of approximately 1,400 residents, it plays a significant role in supporting surrounding communities. Major local employers include Family Dollar Stores Corporate, West Carroll Health Systems, Ruffin Building Systems, and the West Carroll Parish School Board, contributing to a stable workforce and consistent consumer activity. The area is also supported by five banking institutions, cultural venues such as the Fiske Theatre, and the Thomas Jason Lingo Community Center, which hosts hundreds of visitors annually with its 1,000-seat auditorium. While agriculture remains a key economic driver, the growth of national retail and infrastructure investments has helped diversify the local economy and solidify Oak Grove’s position as a dominant trade area in northeast Louisiana. West Carroll Parish located in Northwest Louisiana connects several tertiary cities at the intersection of State Highway 17 and State Highway 2. In 2004, it constructed the Thomas Jason Lingo Community Center, housing a 1,000 seat auditorium - attracting many live events each year along with Fiske Theatre. When the Walmart Supercenter (across the street from the subject property) opened in 2006, it helped transform West Carroll into the retail hub for this region of Northwestern Louisiana. Today, Agriculture is still king in West Carroll, however major employers are Family Dollar Stores Corporate, West Carroll Health Systems, West Carroll School Board and Ruffin Building Systems. West Carroll is also home to five banking institutions to serve people's financial needs.