Family Dollar (Low Rent ($9.14/SF))

Family Dollar (Low Rent ($9.14/SF))

Lutcher, LA

Lutcher, LA

Family Dollar (Low Rent ($9.14/SF))

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Family Dollar in Lutcher, LA. The property consists of a 8,692-square-foot, freestanding building that sits on approximately 1.21 acres of land. There are 5 years remaining on the lease with 10% rental increases at each option.

Price $1,000,000
Cap Rate 7.95%
Building Size 8,692 sqft
Lot Size 1.21 acres
Year Built 2015
Offering Memorandum

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633

Ryan Wolf

Managing Director
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Absolute Net Lease With Five Years Remaining
  • Signalized Hard Corner Location on West Main Street
  • Top 20% Nationwide in Foot Traffic (Placer.ai)
  • Low Rent ($9.14/SF) | Low Price-Point ($115.05/SF)
  • Near Lutcher High School (481 Students) & St. James Parish Hospital
  • Strategic Location Between Baton Rouge (40 Miles) and New Orleans (50 Miles)
  • Leading Discount Retailer With Nationwide Presence (8,000+ Stores)

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633

Ryan Wolf

Managing Director
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900
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