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This is an excellent opportunity to acquire a newly leased Family Dollar property located at 436 Fuller Street, Doyline, Louisiana, priced at $1,369,667. The property is secured by a 10-year net lease, offering minimal landlord obligations. The lease commenced recently and is set to expire on May 31, 2034. Additionally, the lease includes six 5-year renewal options, each with $0.50/SF rent increases in the option periods. The lease is backed by a corporate guarantee, further ensuring a reliable income stream for investors.
The property is situated in a well-traveled area with strong visibility and access, benefiting from local and regional traffic. Family Dollar, a well-known national retailer, serves the community with a wide range of products, and the Doyline location is positioned to capture both local shoppers and customers from surrounding areas.