FD – Lake Arthur, LA
Fortis Net Lease is pleased to present this 8,000 SF Family Dollar store located in Lake Arthur, LA. The property is encumbered with a NN Lease, leaving limited landlord responsibilities. The lease term runs through June 30, 2022 and contains additional six five (5) Yr. Options to renew, each with a rental rate increase. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BB+”, which is classified as Strong.
This Family Dollar is highly visible as it is strategically positioned on LA-26. The five mile population from the site exceeds 5,000 while the one mile median household income exceeds $29,500 per year, making this location ideal for an Family Dollar. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of an Family Dollar. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, one the nation’s top dollar stores. List price reflects a 9.26% cap rate based on NOI of $67,146.
NN Lease Limited Landlord Responsibilities
5+ Years Remaining | Six (5 Year) Options
One Mile Household Income $29,823
Five Mile Population Exceeds 5,000
Strong BB+ Grade Credit Rating
Over 5,800 Cars Per Day
Ideal Family Dollar Demographics