11901 I 10 Service Rd - Freestanding FOR SALE


New Orleans, LA 70128
$1,100,000 USD
817-259-3519
11901 I 10 Service Rd, New Orleans, LA for Sale
$1,100,000 USD
Freestanding - FOR SALE
1/9
null | 12.75% Cap Rate

11901 I 10 Service Rd
New Orleans, LA 70128


HIGHLIGHTS

  • Former Family Dollar store closed in 2024
  • Two years of remaining lease term through 1/31/2026 provides time for a buyer to re-tenant or redevelopment the property
  • Great access and visibility from Interstate 10 at four-way interchange
  • Great parcel size of 0.96 acres providing an opportunity to completely redevelop the site for an alternative use
  • Property also available for lease - contact broker for more information

OVERVIEW

Transwestern National Net Lease | Sale Leaseback Group is pleased to present a dark Family Dollar store in an urban in-fill location in New Orleans, Louisiana. Although the store was closed in 2024, the current lease doesn’t expire until January 31, 2026, providing time for a buyer to re-lease or re-develop the Property to an alternative use and continue to collect rental income and the real estate tax and insurance reimbursements from Family Dollar. Located at 11901 I-10 Service Road, just eleven miles from the French Quarter, the Property is situated at the Interstate 10 and Bullard Avenue four-way interchange and offers excellent visibility. The Property is next door to Premier Honda and Waffle House and across Bullard Avenue from a Comfort Suites Hotel and a Holiday Inn Express. Directly across the Interstate is a Walmart Supercenter and the nearby Home Depot in addition to numerous quick-serve restaurants and other retail. Furthermore, the Property is adjacent to extensive residential homes to the north. New Orleans, Louisiana, often referred to as NOLA or the Big Easy, is a city like no other, a place where history, culture, and rhythm weave together to create a truly unique city. Nestled along the Mississippi River, this vibrant city pulses with a spirit that draws from its rich blend of French, Spanish, African, and Creole influences. Strolling through the French Quarter, you’re surrounded by the colorful architecture of iron-laced balconies, the smell of beignets, and the lively sound of jazz spilling from every corner. With a population of 383,997 according to the 2020 Decennial Census of the United States Census Bureau, New Orleans is the most populous city in Louisiana, the third most in the Deep South and the twelfth-most in the southeastern United States. With the fifth busiest port in the U.S., the Port of New Orleans accommodated more than 81 million short tons of cargo volume in 2023. Family Dollar is a wholly owned subsidiary of Dollar Tree, Inc. (NASDAQ: DLTR) having been acquired by Dollar Tree in July 2015. Dollar Tree is investment grade (S&P: BBB) with 2023 fiscal year sales of $30.6 billion. Dollar Tree’s gross profit was $9.3 billion with a gross margin of 31.5%. Net income for 2023 was $1.615 billion. Dollar Tree operates 16,340 stores across 48 states and five Canadian provinces as of January 28, 2023. There are nearly 600 operating Family Dollar Tree combination stores nationwide. Family Dollar is headquartered in Matthews, North Carolina.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$120 USD /SF

CAP RATE

12.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Family Dollar (Dark)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

CR

APN/PARCEL ID

3-9W-0-166-00

ASK ABOUT THIS PROPERTY

Bill BehrTranswestern Real Estate ServicesMore Info
817-259-3519

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Bill BehrTranswestern Real Estate ServicesMore Info
817-259-3519

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.