15110 River Rd
Hahnville, LA 70057
Family Dollar | New 15-Yr NNN · Retail Property For Sale

The subject property is a brand new Family Dollar store located in Hahnville, LA, just outside of New Orleans. The store is currently under construction and scheduled to open in January, 2018. The .97+/- acre lot is located across from the St. Charles Parish Courthouse. The store will benefit from the 28,000+ residents within a 5-mile radius and lack of competition with no Dollar General or Dollar Tree within 4.5+ miles. Family Dollar is signed to a brand new 15-year NNN lease that is expected to commence upon store opening and will not expire until September 30th, 2032. Rent is scheduled to increase every 5 years, beginning in year 11 and continuing through the renewal options. Family Dollar is an American variety store chain in the United States. With over 8,000 locations in all states except Alaska, Hawaii, Oregon and Washington, it is the second largest retailer of its type in the United States. Family Dollar is headquartered in Matthews, a suburb of Charlotte, North Carolina, where it employs 1,400 people. On July 28, 2014, Dollar Tree announced that it would purchase Family Dollar for $8.5 billion. On January 22, 2015, Family Dollar shareholders approved the Dollar Tree bid.