7535 Highway 182 E | Morgan City, LA 70380
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- LoopNet Team
7535 Highway 182 E
Morgan City, LA 70380
Family Dollar | US Highway 90 · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- NN-leased investment, occupied by Family Dollar, boasting ideal placement near US Highway 90.
- Excellent visibility with frontage and signage along LA 182, which has traffic counts of approximately 14,000 vehicles each day.
- Positioned along a retail corridor and surrounded by national tenants, including CVS, McDonald’s, O’Reilly Auto Parts, Subway, and many more.
- Corporate-guaranteed lease with six five-year extension options that also include 10% rate increases to hedge against inflation.
- Occupied by an investment-grade tenant - Family Dollar (NYSE: DLTR) is rated BBB by Standard & Poor’s.
PROPERTY FACTS
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
B
Year Built
2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.92 AC
Parcel Number
3284341271
Zoning
Retail - Retail
Parking
28 Spaces (3.36 Spaces per 1,000 SF Leased)
Frontage
136’ on Louisiana 182
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