210 Main StNew Iberia, LA 70563

  • Retail properties
  • 7,920 SF
For Sale
$449,333 View listing

Property Details for 210 Main St

Year built
2001
Lot size
0.45 AC
Property size (Sq ft)
7,920 SF
Property type
Retail properties
Property subtype
Other retail properties

Description

This exceptional investment opportunity presents a 7,920 square foot retail property located at 210 N Main St, New Iberia, LA 70563. The property, built in 2001 and situated on a 0.45-acre lot, is currently 100% occupied by a triple-net (NNN) leased Dollar General, Dollar Tree, and Family Dollar store. The lease commenced March 8, 2001, and expires May 31, 2028, with two 5-year options remaining, each including a 10% rent increase. The current asking price is $449,333, offering a compelling 9.00% cap rate and a strong NOI of $40,440. The tenant boasts an investment-grade credit rating (BBB, S&P) and benefits from a corporate guarantee, ensuring consistent income. The property enjoys a prime location on Main Street, a major thoroughfare, and benefits from its proximity to complementary businesses such as an auto parts shop, bank, and high school. The average household income within a 10-mile radius is $76,540, aligning perfectly with Dollar General's target demographic. Landlord receives $1,300/month for CAM expenses. This is a rare opportunity to acquire a well-established, low-risk retail investment with significant upside potential. The property's long-term lease, strong tenant, and favorable location make it an ideal addition to any portfolio.

210 Main St, New Iberia, Louisiana

Location Insight

City
New Iberia
County
Iberia Parish
State
Louisiana
Latitude
30.0579
Longitude
-91.7374

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