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t r a n s l a t e

Family Dollar Net Lease Investment Opportunity | 5.5% Cap Rate

4923 Monkhouse Drive
Shreveport, LA 71109
PRICE : $2,110,000
CAP RATE: 5.5%
PROPERTY TYPE: Retail
SITE SIZE: 1.12 Acres
BUILDING SIZE: 8,320 SF
YEAR BUILT: 2015

Highlights

  • Rare Absolute NNN lease with 10% increase in April 2026 and in option periods
  • Blended cap rate for the initial term of 5.84% (through March 2031)
  • Attractive upgraded façade and large ± 1.12 acre corner parcel
  • Excellent location near major hotels and retailers just off Interstate 20 with over 54,704 VPD and a 5-mile population of over 92,450
  • Shreveport is the 3rd largest city in LA with major employers including Barksdale AFB, major universities and more
  • Unlike NN Family Dollar comps with similar remaining term and cap rates, this location has no landlord financial exposures to repairs or replacements
  • Strong corporate guarantor as subsidiary of Dollar Tree

Description

This absolute NNN Family Dollar has 8.5 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 5.5% to a blended cap rate for the 8.5 years remaining of initial term to 5.84%. Also, unlike the currently offered NN Family Dollar properties, the absolute NNN lease means there are NO landlord responsibilities. The lease is guaranteed 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.

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