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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Contacts
Harry Bell
Visit Broker Website
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5100 La-56, Chauvin, Louisiana, 70344
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
5100 La-56
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