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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

Broker of Record
Donnie Jarreau
License No. BROK.995704351-CORP (LA)
(866) 889-0550
Jarreau Real Estate
16173 Perkins Road Baton Rouge,
LA 70810

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
C
Year Built
2011
Price
£840,011
Price Per SF
£105
Net Initial Yield
8.50%
NOI
£71,401
Tenancy
Single
Number of Floors
1
Building FAR
0.13
Land Acres
1.42 AC
Zoning
C-2 - General Commercial Zone
Frontage
100 ft on Main St

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

PROPERTY TAXES

Parcel Number
400456600
Land Assessment
£15,061
Improvements Assessment
£47,065
Total Assessment
£62,125
  • Listing ID: 33438011

  • Date on Market: 07/10/2024

  • Last Updated:

  • Address: 310 W Main St, Oak Grove, LA 71263

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