Year Build: 2006
Building Size: 8,000 SqFt.
No of Stories: 1
Total Lot Area: 1.00 Acre
No of Parking: 0
No of Total Units: 0
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: A
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 100%
Full Description
LoudLister Net Lease is pleased to present this 8,000 SF Family Dollar store located in Lake Arthur, LA. The property is encumbered with a NN Lease, leaving limited land-lord responsibilities. The lease term runs through June 30, 2022 and contains addi-tional six five (5) Yr. Options to renew, each with a rental rate increase. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BB+”, which is classified as Strong.
This Family Dollar is highly visible as it is strategically positioned on LA-26. The five mile population from the site exceeds 5,000 while the one mile median household income exceeds $29,500 per year, making this location ideal for an Family Dollar. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of an Family Dollar. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, one the nation’s top dollar stores. List price reflects a 9.26% cap rate based on NOI of $67,146.