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Family Dollar (Low Rent ($9.14/SF)) 1991 W Main St 8,692 SF Retail Building Lutcher, LA 70071 $935,000 ($107.57/SF) 8.50% Cap Rate
Investment Highlights
- Absolute Net Lease With Five Years Remaining
- Top 20% Nationwide in Foot Traffic (Placer.ai)
- Near Lutcher High School (481 Students) & St. James Parish Hospital
- Signalized Hard Corner Location on West Main Street
- Low Rent ($9.14/SF) | Low Price-Point ($107.57/SF)
- Strategic Location Between Baton Rouge (40 Miles) and New Orleans (50 Miles)
Executive Summary
Offered for sale is 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.
Broker of Record
Steve Greer
10527 Kentshire Ct., Ste. B
Baton Rouge, LA 70810
(225) 376-6800
Lic #: BROK.995710346-ACT
Broker of Record
Steve Greer
10527 Kentshire Ct., Ste. B
Baton Rouge, LA 70810
(225) 376-6800
Lic #: BROK.995710346-ACT
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,692 SF
Building Class
B
Year Built
2015
Price
$935,000
Price Per SF
$107.57
Cap Rate
8.50%
NOI
$79,429
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.21 AC
Frontage
205’ on W Main St
Property Taxes
| Parcel Number | 200027400 | Improvements Assessment | $95,016 |
| Land Assessment | $4,235 | Total Assessment | $99,251 |
Property Taxes
Parcel Number
200027400
Land Assessment
$4,235
Improvements Assessment
$95,016
Total Assessment
$99,251
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Family Dollar (Low Rent ($9.14/SF)) | 1991 W Main St
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