210 Main St New Iberia, LA 70563

This exceptional investment opportunity presents a 7,920 square foot retail property located at 210 N Main St, New Iberia, LA 70563. The property, built in 2001 and situated on a 0.45-acre lot, is currently 100% occupied by a triple-net (NNN) leased Dollar General, Dollar Tree, and Family Dollar store. The lease commenced March 8, 2001, and expires May 31, 2028, with two 5-year options remaining, each including a 10% rent increase. The current asking price is $449,333, offering a compelling 9.00% cap rate and a strong NOI of $40,440. The tenant boasts an investment-grade credit rating (BBB, S&P) and benefits from a corporate guarantee, ensuring consistent income. The property enjoys a prime location on Main Street, a major thoroughfare, and benefits from its proximity to complementary businesses such as an auto parts shop, bank, and high school. The average household income within a 10-mile radius is $76,540, aligning perfectly with Dollar General's target demographic. Landlord receives $1,300/month for CAM expenses. This is a rare opportunity to acquire a well-established, low-risk retail investment with significant upside potential. The property's long-term lease, strong tenant, and favorable location make it an ideal addition to any portfolio.