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750 N Highway 26, Lake Arthur, LA

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750 N Highway 26

Lake Arthur, LA 70549-3406

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2006
Building Size:8,000 SF Land Area:-
For Sale Price:$725,000 Price/SF:$90.63
Cap Rate:9.26 %

Sale Notes:
Fortis 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 landlord responsibilities. The lease term runs through June 30, 2022 and contains additional 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.

Fortis Net Lease
Bryan Bender
(248) 419-3810

Ben Schultz
(248) 254-3409

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