For Sale
$567,650

5100 La-56Chauvin, LA 70344

Louisiana Retail Property: Strong NOI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a net-leased Family Dollar storefront in Chauvin, Louisiana. The 8,100-square-foot building, constructed in 1997, sits on a 0.94-acre lot and boasts a strong 7.49% cap rate, generating a net operating income (NOI) of $42,496. The property enjoys a prime location alongside USPS, Capital One Bank, and Coastal Commerce Bank, ensuring high visibility and foot traffic. Family Dollar, a credit-rated corporate tenant, holds a lease with approximately two years remaining, including two five-year renewal options with 5% rent increases each. The lease is a double-net (NN) agreement, with the landlord responsible for roof, structure, common area maintenance (CAM), exterior, and electrical/plumbing, as well as major repairs/replacements and HVAC repairs exceeding $500. Tenant covers taxes and insurance above the base year. Based on provided expenses, the landlord's CAM expenses totaled $1760, and maintenance expenses were $0. The asking price is $567,650, translating to $70.08 per square foot. This asset is part of a larger portfolio but can be purchased individually, making it an ideal addition to any passive investor's portfolio seeking a stable, corporate-backed Louisiana investment. The property's APN is 43037. The address is 5100 LA-56, Chauvin, LA 70344.

Highlights

  • Net-leased Family Dollar in Chauvin, LA.
  • 8,100 SF building on 0.94-acre lot, built in 1997.
  • 7.49% cap rate, $42,496 NOI, $567,650 asking price ($70.08/SF).
  • Prime location near USPS, Capital One, and Coastal Commerce Bank.
  • Credit-rated corporate tenant (Family Dollar) with ~2 years remaining on lease, plus two 5-year options with 5% rent increases.
  • NN lease; Landlord responsible for roof, structure, CAM, exterior, electrical/plumbing, major repairs/HVAC over $500; Tenant pays taxes and insurance above base year.

Property Details for 5100 La-56

Property type
Retail properties, Retail space
Square Feet
8,100 SF
Lot Size (sq. ft)
40,946 SF

Location Insight

City
Chauvin
County
Terrebonne Parish
State
Louisiana
Latitude
29.473159053846
Longitude
-90.586995714747
5100 La-56, Chauvin, Louisiana

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5100 La-56
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