24416 HwyKrotz Springs, LA 70750
- Retail properties
- 10,500 SF
Property Details for 24416 Hwy
- Year built
- 2024
- Lot size
- 1.47 AC
- Property size (Sq ft)
- 10,500 SF
- Property type
- Retail properties
- Property subtype
- Lifestyle centers
Description
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.
Location Insight
- City
- Krotz Springs
- County
- St Landry Parish
- State
- Louisiana
- Latitude
- 30.5406
- Longitude
- -91.7614
Comparable in this City
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].