PRICE : | $1,950,000 |
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CAP RATE: | 6% |
PROPERTY TYPE: | Retail |
SITE SIZE: | 1.12 Acres |
BUILDING SIZE: | 8,320 SF |
YEAR BUILT: | 2015 |
This absolute NNN Family Dollar has 8 years remaining on the 15-year lease and is located in Shreveport, LA, with a five-mile population of over 92,450+. Less than a mile from Shreveport’s Regional Airport and from Interstate 20, the 8,320 SF store on ± 1.12 corner parcel is surrounded by major hotel chains including Best Western, Days Inn, Residence Inn, Economy Inn and Super 8. Nearby traffic counts are 10,824 VPD on Monkhouse Road and 54,704 VPD on Interstate 20.
Since Family Dollar no longer offers NNN leases, this is a rare opportunity to improve an investor’s “yield” or return. The NNN lease has a 10% increase in April 2026 (11th year of the lease term) as well as increases in each of the six 5-year options. The 10% increase has the impact of improving the offered cap rate of 6% to a blended cap rate for the 8 years remaining of initial term to 6.34%. Page 5 of this Offering Memorandum further shows Active NN and NNN properties which indicates the value pricing of this offering. Also, this lease has a corporate guaranty by Family Dollar, a subsidiary of Dollar Tree.
Shreveport is the third largest city in Louisiana. Known as the center of culture, commerce and community in Northwest Louisiana (also known as the Ark- La-Tex region), the city dates to 1835 and was founded by the Shreve Town Company. It is home to Barksdale Air Force Base, which is the largest employer in the Shreveport-Bossier City MSA, LSU Shreveport, Louisiana Tech, Southern University and Centenary College.