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Family Dollar 310 W Main St
8,000 SF Retail Building Oak Grove, LA 71263 £840,011 (£105/SF) 8.50% Net Initial Yield
Investment Highlights
- Attractive 8.25% cap rate for a stabilized deal
- Family Dollar recently extended their lease, proving their commitment to the location and market
- Five, 5-year renewal options remaining; all of which include 10% rent increases
- 2011 build-to-suit construction for Family Dollar
- Family Dollar has successfully operated at this location for +15 years
- Traffic counts exceed 16,200 vehicles daily at the intersection of Main St & Constitution Ave
Executive Summary
Donnie Jarreau
License No. BROK.995704351-CORP (LA)
(866) 889-0550
Jarreau Real Estate
16173 Perkins Road Baton Rouge,
LA 70810
Property Facts
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Retailer
- -
- -
- -
Family Dollar is a place to shop when it comes to delivering quality and value on family essentials in a convenient location. Their stores are conveniently located in neighborhoods, and often in "food deserts" where other stores choose not to locate, providing a convenient, close-to-home option where customers can shop for essentials. By locating stores in places where others won’t, Family Dollar is improving the affordability and availability of essential goods. They are saving their customers time and money and helping them do more, even on a tight budget. Their Family Dollar stores focus on delivering top value for family essentials. They offer competitively-priced national brands from leading manufacturers alongside brand-name, equivalent-value, lower-priced private labels. Their aisles are stocked with food and beverages, paper products, health & beauty supplies, pet food, home products, apparel and accessories, etc.
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
Retailer | - | - | - |
PROPERTY TAXES
Parcel Number | 400456600 | Improvements Assessment | £47,065 |
Land Assessment | £15,061 | Total Assessment | £62,125 |
PROPERTY TAXES
Presented by
Family Dollar | 310 W Main St
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