This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,531 square foot Family Dollar Tree retail building in Choudrant, Louisiana. Built in 2024, the property boasts a 10-year net lease (NN+) with a credit-rated corporate guarantor, ensuring consistent income. The lease includes four, five-year options with built-in rent bumps of $5,250 per option period ($0.50 PSF). The property sits on a 1.9-acre lot and benefits from a high-traffic location (40,700 VPD) and a strong demographic profile, including a 5-mile population of 85,772 residents with an average household income of $73,996. The property's strong location is further enhanced by its proximity to the new Ruston Sports Complex, Louisiana Tech University, Grambling State University, and Louisiana Delta Community College. The property generates a substantial net operating income (NOI) of $134,925, resulting in a compelling 7.85% cap rate. The tenant, Family Dollar Tree, is a highly reputable, investment-grade rated (BBB by S&P) national retailer with over 16,000 stores and $28.3 billion in revenue. This is a rare opportunity to acquire a stable, high-performing retail asset with significant long-term growth potential. The property is 100% occupied and offers minimal landlord responsibilities, as the tenant is responsible for HVAC, CAM, taxes, and insurance. The lease commenced May 18, 2024, and expires May 31, 2034, providing a remaining lease term of approximately 9.8 years. The asking price is $1,718,789.
Highlights
Brand new 2024 Family Dollar Tree construction with a 10-year corporate lease.
Tenant responsible for HVAC, CAM, taxes, and insurance; minimal landlord responsibilities.
Strong demographics: 85,772 residents within a 5-mile radius, $73,996 average household income.
High traffic counts: I-20 sees over 40,700 vehicles daily.
Significant rental increases of $5,265 per option period.
Excellent location near the new $47 million Ruston Sports Complex (185 acres, ~400,000 annual visitors) and major universities (Louisiana Tech, Grambling State, Louisiana Delta Community College).
Property Details
for 3845 Elm St
Property type
Retail properties, Grocery and convenience stores
Square Feet
10,531 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
82,764 SF
Location Insight
City
Choudrant
County
Lincoln Parish
State
Louisiana
Latitude
32.5312949
Longitude
-92.5129854
3845 Elm St, Choudrant, Louisiana
Nearby Similar for Sale
For Sale
$85,000
Choudrant Commercial Property - High Visibility
High-traffic location, versatile 640 sq ft building.
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Contacts
Josh Bishop
Kyle Matthews, CCIM
Visit Broker Website
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Useful Information
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3845 Elm St, Choudrant, Louisiana, 71270
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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.
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3845 Elm St
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