504 Ee Wallace BlvdFerriday, LA 71334

Property Details for 504 Ee Wallace Blvd

Property type

Retail space

APN

210035400

APU

210035400

Description

This exceptional investment opportunity presents a single-tenant, net-leased Family Dollar store located at 504 EE Wallace Boulevard, Ferriday, Louisiana, 71334. The property, built in 2010, encompasses 8,330 square feet on a 0.96-acre lot. Currently operating at 100% occupancy, the property boasts a strong 10% capitalization rate, generating a net operating income (NOI) of $79,056 annually. The asking price is $790,560, translating to $94.91 per square foot. The lease, a corporate-guaranteed net lease, has a remaining term of approximately 1.2 years, expiring January 31, 2026. Importantly, the lease includes five, 5-year renewal options with a 10% rent increase in each option period. The tenant, a credit-rated national chain, completed a significant remodel in 2021 at their expense. The property benefits from a favorable location on a main thoroughfare, experiencing over 12,000 vehicles per day, and serves a population of approximately 8,000 residents within a 5-mile radius. This presents a compelling investment opportunity with a strong tenant, high cap rate, and significant upside potential through lease renewals. The property's strong fundamentals and location make it an attractive addition to any portfolio.

Location Insight

City

Ferriday

County

Concordia

State

Louisiana

Latitude

31.6343

Longitude

-91.5554

CBSA code

35020

CBSA name

NATCHEZ, MS-LA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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