1609 Ames Blvd - Freestanding FOR SALE


Marrero, LA 70072
$1,695,000 USD
561-310-0935
1609 Ames Blvd, Marrero, LA for Sale
$1,695,000 USD
Freestanding - FOR SALE
1/14
null | 7.46% Cap Rate

1609 Ames Blvd
Marrero, LA 70072


HIGHLIGHTS

  • Lease through 2032
  • Excellent traffic counts - 27,000 vehicles a day
  • 9180 Rentable SF
  • Built 2014, renovated 2020
  • Steady income and population growth in the area over

OVERVIEW

Strong 7.5% cap rate, NN One of the region’s highest performing locations Lease on this location just renewed through June 2032, guaranteed by Family Dollar 5 REMAINING RENEWAL OPTIONS WITH 7.5% BUMPS EACH 172’ Frontage on Ames Blvd Founded in 1959, Family Dollar remains a key part of the US retail landscape, operating over 8,000 locations throughout the country, with 264 currently in Louisiana alone. Formerly a sister brand of Dollar General, Family Dollar is now a standalone brand under distinct ownership. Location underwent interior renovation in 2020

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$185 USD /SF

CAP RATE

7.46%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar BTS | New Orleans Suburb

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

C-1

APN/PARCEL ID

0420002584

ASK ABOUT THIS PROPERTY

Martin GoldsteinThe Goldstein Group (MRG Associates, LLC)More Info
561-310-0935

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Martin GoldsteinThe Goldstein Group (MRG Associates, LLC)More Info
561-310-0935

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.