5115 Highway 34 - Freestanding FOR SALE


Eros, LA 71238
$1,318,333 USD
650-315-2112
5115 Highway 34, Eros, LA for Sale
$1,318,333 USD
Freestanding - FOR SALE
1/1
null | 9% Cap Rate

5115 Highway 34
Eros, LA 71238


HIGHLIGHTS

  • Net Leased Offering
  • Minimal Landlord Obligations
  • Scheduled Increases in Rent
  • Corporate Guarantee

OVERVIEW

This is a prime investment opportunity to acquire a Family Dollar property located in Eros, Louisiana, secured by a corporate guarantee from Family Dollar Stores, Inc., which holds a BBB investment-grade S&P rating. The 8,320-square-foot facility, constructed in 2017, features a modern design with a brick veneer façade and a standing seam metal roof, representing the newest retail construction in the area. This property offers a passive income stream backed by a strong national tenant, making it an attractive option for investors seeking reliable cash flow in a market with high barriers to new development. Additionally, the lease agreement includes six 5-year renewal options with rent increases of $0.50/SF at each renewal. The property is situated with direct frontage along Louisiana Highway 34, providing excellent visibility and access. Family Dollar serves as the exclusive discount retailer for the immediate municipality, benefiting from a lack of competition within a six-mile radius. Its strategic location along the primary north-south route between Jackson Parish and West Monroe ensures it functions as a critical retail anchor for the community.

FOR SALE DETAILS

PRICE

$1,318,333 USD

PRICE/SF

$126 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar Net Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

-

APN/PARCEL ID

127019

ASK ABOUT THIS PROPERTY

Jacob AbusharkhThe Kase GroupMore Info
650-315-2112

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Jacob AbusharkhThe Kase GroupMore Info
650-315-2112

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