612 Main st - Freestanding FOR SALE


Hackberry, LA 70645
$1,254,167 USD
925-348-1844
612 Main st, Hackberry, LA for Sale
$1,254,167 USD
Freestanding - FOR SALE
1/1
null | 9% Cap Rate

612 Main st
Hackberry, LA 70645


HIGHLIGHTS

  • Net Leased Offering
  • Minimal Landlord Obligations
  • Corporate Guarantee
  • Six 5-year renewal options with $0.50/SF rent increases in each option periods
  • Excellent visibility along Main Street
  • Located Southwest of Lake Charles

OVERVIEW

The Kase Group is pleased to offer the opportunity to acquire a new 10-year net-leased Family Dollar in Hackberry, Louisiana, supported by a corporate-guaranteed NN lease with minimal landlord responsibilities. The investment features a 9.00% capitalization rate on a current annual rent of $112,875, providing stable, passive income secured by Family Dollar Stores, Inc. The lease includes six 5-year renewal options with $0.50/SF rent increases in each option periods, offering future revenue growth and an inflation hedge beyond the base term. The Family Dollar property benefits from excellent visibility along Main Street and is located near southwest Louisiana's largest metro area, Lake Charles. Operating as the sole national discount retailer within a 14-mile radius, Its location on the Creole Nature Trail, a primary arterial connecting the Gulf Coast to Lake Charles, ensures consistent exposure to local residents and heavy industrial traffic.

FOR SALE DETAILS

PRICE

$1,254,167 USD

PRICE/SF

$119 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Net Leased Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

-

APN/PARCEL ID

0600027200

ASK ABOUT THIS PROPERTY

Kase AbusharkhThe Kase GroupMore Info
925-348-1844

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Kase AbusharkhThe Kase GroupMore Info
925-348-1844

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