503 Saint Clair Rd - Retail FOR SALE


Boyce, LA 71409
$1,322,000 USD
678-808-2762
503 Saint Clair Rd, Boyce, LA for Sale
$1,322,000 USD
Retail - FOR SALE
1/3
null | 9% Cap Rate

503 Saint Clair Rd
Boyce, LA 71409


HIGHLIGHTS

  • 2023 build to suit for Family Dollar Tree
  • ±8.5 years remaining on an initial 10-year lease
  • Corporately guaranteed lease
  • Rent increases of $5,250 ($0.50 / SF) in all five, 5-year options
  • The subject property comes with a 20-year roof warranty

OVERVIEW

LOW PRICE POINT DEAL WITH ATTRACTIVE 9.00% RETURN • This opportunity has a lower price point of $1.3M with a 9.00% return. ALEXANDRIA MSA | LARGEST CITY IN THE RAPIDES PARISH • This Family Dollar is located 18 miles west of downtown Alexandria and is in the MSA. • Alexandria is the ninth-largest city in the state of Louisiana and is the parish seat and largest city of Rapides Parish, Louisiana. • Large employers in Alexandria, AL include Procter & Gamble, Crest Industries and Weyerhaeuser have called Alexandria home for more than 40 years • Home to Louisiana State University at Alexandria (5,100+ students) and Central Louisiana Technical Community College (2,100+ students) • Alexandria is the heart of Central Louisiana, a vibrant hub along the Red River known for its rich history, cultural heritage, and deep Southern charm 2024 CONSTRUCTION FAMILY DOLLAR | 10 YEAR CORPORATE LEASE • Family Dollar signed a new 10 year lease in 2024. There are approximately 8 years remaining on the corporate lease. • There are $0.50 per square-foot rent increases every 5 years in each option period. • The Tenant is responsible for Parking Lot restriping, HVAC, Landscaping, Taxes, Insurance, and Utilities. • There are limited landlord responsibilities that include Roof, Structure, and parking lot. NATIONALLY RECOGNIZED TENANT WITH OVER 7,000 LOCATIONS • Family Dollar is a private, standalone entity following its strategic 2025 divestiture from Dollar Tree, Inc. The brand now operates with the institutional backing of Brigade Capital Management and Macellum Capital Management, focusing exclusively on its high-growth “small-box” retail model. • The company operates a massive national network of 7,000+ locations across 48 states and the District of Columbia, serving as a vital provider of essential goods in urban and rural markets where larger competitors have a limited footprint. • With 67 years of operational history and 2024 net sales of $13.3 billion, Family Dollar remains a recession-resilient tenant. Its mission-critical retail model drives consistent consumer demand and predictable cash flow for property owners.

FOR SALE DETAILS

PRICE

$1,322,000 USD

PRICE/SF

$126 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Don McMinnMarcus & MillichapMore Info
678-808-2762

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Don McMinnMarcus & MillichapMore Info
678-808-2762

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