1991 W Main St - Freestanding FOR SALE


Lutcher, LA 70071
$1,000,000 USD
972-755-5205
1991 W Main St, Lutcher, LA for Sale
$1,000,000 USD
Freestanding - FOR SALE
1/4
null | 7.94% Cap Rate

1991 W Main St
Lutcher, LA 70071


HIGHLIGHTS

  • Absolute Net Lease With Five Years Remaining
  • Signalized Hard Corner Location on West Main Street
  • Top 20% Nationwide in Foot Traffic (Placer.ai)
  • Low Rent ($9.14/SF) | Low Price-Point ($115.05/SF)
  • Near Lutcher High School (481 Students) & St. James Parish Hospital
  • Strategic Location Between Baton Rouge (40 Miles) and New Orleans (50 Miles)

OVERVIEW

Offered for sale is the opportunity to acquire an absolute net lease Family Dollar in Lutcher, LA. The property consists of a 8,692-square-foot, freestanding building that sits on approximately 1.21 acres of land. There are 5 years remaining on the lease with 10% rental increases at each option. Broker of Record Steve Greer Broker of Record 10527 Kentshire Ct., Ste. B Baton Rouge, LA 70810 (225) 376-6800 Lic #: BROK.995710346-ACT

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$120 USD /SF

CAP RATE

7.94%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar (Low Rent ($9.14/SF))

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

-

APN/PARCEL ID

200027400

ASK ABOUT THIS PROPERTY

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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