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13210 West Main Street 8,433 SF Retail Building Larose, LA 70373 $1,127,720 ($133.73/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Net Lease
- Prime Bayou-Side Location
- Retail Synergy in the Market
- Established Retailer with Private-Equity Backing
- Excellent Visibility, Frontage & Access
EXECUTIVE SUMMARY
Northmarq is pleased to present a rare opportunity to acquire a retail property located at 13210 W Main St, Larose, LA 70373 (the “Property”). The Property consists of approximately 8,433 square feet of retail space on a 0.80-acre parcel, leased to Family Dollar under a 15-year absolute net lease with 5 years of lease term remaining.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,433 SF
Building Class
C
Year Built
2015
Price
$1,127,720
Price Per SF
$133.73
Cap Rate
7.50%
NOI
$84,579
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.80 AC
Frontage
101’ on West 16th Street
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0101654510 | Improvements Assessment | $56,550 |
| Land Assessment | $24,750 | Total Assessment | $81,300 |
PROPERTY TAXES
Parcel Number
0101654510
Land Assessment
$24,750
Improvements Assessment
$56,550
Total Assessment
$81,300
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13210 West Main Street
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