For Sale
$790,560

504 Ee Wallace BlvdFerriday, LA 71334

High-Cap Rate Retail Investment in LA

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a single-tenant, net-leased Family Dollar store located at 504 EE Wallace Boulevard, Ferriday, Louisiana, 71334. The property, built in 2010, encompasses 8,330 square feet on a 0.96-acre lot. Currently operating at 100% occupancy, the property boasts a strong 10% capitalization rate, generating a net operating income (NOI) of $79,056 annually. The asking price is $790,560, translating to $94.91 per square foot. The lease, a corporate-guaranteed net lease, has a remaining term of approximately 1.2 years, expiring January 31, 2026. Importantly, the lease includes five, 5-year renewal options with a 10% rent increase in each option period. The tenant, a credit-rated national chain, completed a significant remodel in 2021 at their expense. The property benefits from a favorable location on a main thoroughfare, experiencing over 12,000 vehicles per day, and serves a population of approximately 8,000 residents within a 5-mile radius. This presents a compelling investment opportunity with a strong tenant, high cap rate, and significant upside potential through lease renewals. The property's strong fundamentals and location make it an attractive addition to any portfolio.

Highlights

  • Family Dollar, built-to-suit in 2010, on a lease expiring 1/31/2026 (1 year remaining).
  • Tenant recently completed a 2021 remodel at their expense.
  • Favorable lease terms for landlord.
  • Strong demographics: 8,000 residents within a 5-mile radius.
  • High traffic count: over 12,000 vehicles daily on the main thoroughfare.
  • Corporate lease guarantee.

Property Details for 504 Ee Wallace Blvd

Property type
Specialty properties, Retail properties
Square Feet
8,330 SF
Year Built
2010
Buildings
1
Lot Size (sq. ft)
41,818 SF
Units
1

Location Insight

City
Ferriday
County
Concordia Parish
State
Louisiana
Latitude
31.6343435
Longitude
-91.5554096
504 Ee Wallace Blvd, Ferriday, Louisiana

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504 Ee Wallace Blvd
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