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Benjamin Schultz

Dollar Store Propeties

Office Phone: 248.254.3409

Cell Phone: 734.790.0808

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Published on: Tuesday, September 26, 2017 7:28:48 PM
Updated on: Tuesday, September 26, 2017 8:02:50 PM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-Louisiana-91406

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 100%

Year Build: 2006

 

Building Size: 8,000 SqFt

Lot Size: 1 Acre

No of Stories: 1

No of Parking: 0

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

 Details

Offer to Millionaire Club: No

Listing Summary: 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.

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 9.26

Commission Split (%): 0

Complete Details


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.

Additional Properties


Property Highlights
  • NN Lease Limited Landlord Responsibilities
  • 5+ Years Remaining | Six (5 Year) Options
  • One Mile Household Income $29,823
  • Five Mile Population Exceeds 5,000
  • Strong BB+ Grade Credit Rating
  • Over 5,800 Cars Per Day
  • Ideal Family Dollar Demographics

Attached Documents


 Download | Family Dollar - LA - Lake Arthur.pdf ( 2,000.24KB)

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