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Family Dollar Net Lease Investment | 8.7% Cap Rate

4595 Highway 27 S
Sulphur, LA 70665
PRICE : $608,457
CAP RATE: 8.7%
PROPERTY TYPE: Retail
SITE SIZE: 0.75 Acres
BUILDING SIZE: 8,000 SF
YEAR BUILT: 2002

Highlights

  • Busy commercial corridor with traffic counts over 12K vehicles per day, five mile population over 34,000 and average household income of $73,459
  • ± 8,000 SF retail location sits on a 0.75 acre site
  • NN lease extended through June 2022 with 10% rent increases in each of the four 5-year periods
  • Well maintained property with HVAC units replaced (2012 and 2017) and parking lot restriped in 2017
  • Lease has percentage rent clause
  • Outstanding corporate guarantee with publicly traded, credit tenant
  • Located three miles south of Interstate 10 and thirteen miles west of Lake Charles
  • Nancy Miller of Bull Realty, LA License # 0095683059

Description

Bull Realty is pleased to offer this single tenant NN leased Family Dollar investment property, located in Carlyss, a bedroom community of Sulphur, part of the Lake Charles MSA in the southwestern portion of Louisiana.

This NN lease was extended through June 2022, showing a renewed commitment to this location. Guaranteed by Family Dollar, a subsidiary of Dollar Tree, it has four 5-year options remaining with 10% rent increases and a percentage rent clause.

Landlord responsibilities include repairs and maintenance to the roof, structure, parking lot and interior repairs & maintenance in excess of $1,500 in any lease year. Family Dollar fully reimburses the Landlord for taxes and insurance.

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