24416 Hwy Krotz Springs, LA 70750
10,500 SF Dollar Tree/Family Dollar, 7.25% Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Investment offering: 10,500 SF Dollar Tree/Family Dollar combo store in Krotz Springs, LA.
- 10-year, double-net (NN) lease with five 5-year renewal options, each with a $0.50/SF rent increase.
- Corporately guaranteed by Dollar Tree Corporation (BBB- investment grade credit rating).
- High-visibility location on Hwy 190 (13,648 VPD), strong demographics (5-mile population 2,590, average household income over $68,484).
- $1,303,450 asking price ($124/SF), 7.25% cap rate based on $94,500 NOI.
Property Details for 24416 Hwy
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 10,500 SF
- Year Built/Renovated
- 2024/2024
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 64,033 SF
- Units
- 1
Location Insight
- City
- Krotz Springs
- County
- St Landry Parish
- State
- Louisiana
- Latitude
- 30.5405676
- Longitude
- -91.7613739
Nearby Comparable
FAQs
- What type of property is this?
- Lifestyle center - 10,500 SF Dollar Tree/Family Dollar, 7.25% Cap Rate
- Where is the lifestyle center located?
- The property is located at 24416 Hwy Krotz Springs, LA.
- What is the asking price?
- The asking price for this property is $1,303,450.
- What are key features of this property?
- This property features: Investment offering: 10,500 SF Dollar Tree/Family Dollar combo store in Krotz Springs, LA.; 10-year, double-net (NN) lease with five 5-year renewal options, each with a $0.50/SF rent increase.; Corporately guaranteed by Dollar Tree Corporation (BBB- investment grade credit rating).
- How can I contact the broker?
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