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Family Dollar Net Lease 377 Main St 10,500 SF 4-Star Retail Building Marion, LA 71260 $1,256,500 ($119.67/SF) 9% Cap Rate
Investment Highlights
- Net Leased Offering
- Scheduled Increases in Rent
- Excellent Location along Main Street (Highway 33)
- Minimal Landlord Obligations
- Corporate Guarantee
Executive Summary
This is a prime opportunity to acquire a Family Dollar property in Marion, Louisiana, secured by a lease with a corporate guarantee. The investment offers a 9% capitalization rate and is backed by an investment-grade tenant, ensuring robust financial stability. The lease structure minimizes landlord responsibilities, while providing six 5-year renewal options with $0.50/SF rent increases, creating a reliable, escalating income stream over the holding period.
Strategically positioned along Main Street (Highway 33), this location serves as the primary retail destination for the community, benefiting from excellent visibility and direct access on the town’s central thoroughfare. The property sits in the commercial core of Marion, adjacent to Marion State Bank and just across the street from the town hall, capturing daily traffic from the area’s key civic and commercial drivers.
Strategically positioned along Main Street (Highway 33), this location serves as the primary retail destination for the community, benefiting from excellent visibility and direct access on the town’s central thoroughfare. The property sits in the commercial core of Marion, adjacent to Marion State Bank and just across the street from the town hall, capturing daily traffic from the area’s key civic and commercial drivers.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2024
Price
$1,256,500
Price Per SF
$119.67
Cap Rate
9%
NOI
$113,085
Tenancy
Single
Building Height
1 Story
Amenities
- Signage
1 of 2
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Family Dollar Net Lease | 377 Main St
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