For Sale
$1,303,450

24416 HwyKrotz Springs, LA 70750

10,500 SF Dollar Tree/Family Dollar, 7.25% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a brand-new, 10,500-square-foot, single-tenant retail building in Krotz Springs, Louisiana. The property is a combined Dollar Tree and Family Dollar store, operating under a 10-year, double-net (NN) lease commencing April 1, 2024, and expiring March 31, 2034. The lease includes four five-year renewal options, each with a $0.50 per square foot rent increase. The tenant, Dollar Tree Corporation, holds a BBB- investment-grade credit rating, providing significant financial security. Located on US Highway 190, the property benefits from high visibility and significant daily traffic (13,648 vehicles per day). The strong demographics of the area, with a five-mile population of 2,590 and an average household income exceeding $68,484, further enhance the investment's appeal. The property sits on a 1.47-acre lot and was built in 2024. The asking price is $1,303,450, representing a 7.25% cap rate based on a net operating income (NOI) of $94,500. Landlord responsibilities are minimal under the NN lease structure. This is a rare opportunity to acquire a high-performing retail asset with a strong tenant and favorable lease terms in a desirable location. The property is zoned C and features one single-story building.

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
24416 Hwy, Krotz Springs, Louisiana

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24416 Hwy
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