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Views: 52 DOM: 97 Updated: 10.06.24 Posted: 08.27.24 Status: Active

Summary

Price $1,741,000
Built/Renov 2024
Tenant Family Dollar | Dollar Tree
Cap Rate 7.75%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 10,531
Lease Start 05-18-2024
#Units 1,200
Price/SF $165.32
Expiration 05-17-2034
Tenant Type Dollar/Discount
NOI $134,925
R. Term 9.5
Ownership Fee Simple
Rent/SF $12.81
Increases 0.0%/5/yrs
Pop 5Mi 5,333
Lot/AC 1.90
Options 4/5yrs
AHHI 5Mi $78,177

Lease Highlights

  • Brand new 2024 construction
  • Family Dollar | Dollar Tree has 9+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features $0.50/PSF rental increases at the start of each option period
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar | Dollar Tree combo store is strategically located on Elm Street, with access to 5,219 vehicles passing by daily. The property is just off I-20, a major east-west artery with 15,929 VPD, providing direct access to Dallas and Atlanta. It is in close proximity to Louisiana Tech University, Grambling State University, and Louisiana Delta Community College. The site is minutes from...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Family Dollar is an American retail, variety discount store chain, with over 8,000 locations in all states except Alaska and Hawaii. The chain operates general merchandise retail discount stores...


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Listing Broker

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