13566 Highway 90
Boutte, LA 70039

The subject property is a freestanding Family Dollar store located in Boutte, LA, a growing suburb of New Orleans. The store is ideally located on Highway 90 which boasts average daily traffic counts of 31,000+. The store benefits from the 43,000+ residents within a 7-mile radius. Nearby tenants include Walmart, Walgreens, CVS, Autozone, the St. Charles Parish Hospital and more. Just minutes away is the Monsanto Manufacturing Plant. In February, 2017, they broke ground on an expansion of the plant at a costs of $975 Million. The expansion is expected to be completed in 2019. It will create 120 new full-time jobs and retain the existing 645 full-time jobs. Family Dollar is signed to a 10-year lease that commenced in May, 2014 and will not expire until June 30th, 2024. Rent is scheduled to increase by 10% every 5 years during the renewal options. The lease is a double net lease, providing for minimal landlord expenses. There is a 20-year weathertightness warranty currently in place.