201 S Elm St - Freestanding FOR SALE


Haughton, LA 71037
$500,755 USD
248-419-3657
201 S Elm St, Haughton, LA for Sale
$500,755 USD
Freestanding - FOR SALE
1/12
null | 9% Cap Rate

201 S Elm St
Haughton, LA 71037


HIGHLIGHTS

  • 8,000 SF free-standing building
  • $1.5M Estimated Sales | Placer Data
  • Constructed in 2001 | 2019 Remodel
  • Prime location in the Haughton area
  • Well-maintained property | HVAC & Lighting Maintenance Completed
  • Multiple Options to Renew Remain

OVERVIEW

Fortis Net Lease is pleased to present this 8,000 SF Dollar Tree Store store located in Haughton, LA. The property is encumbered with a ?ve (5) year double net lease extension, leaving minimal landlord responsibilities. The lease contains multiple (5) year options to renew, each with $0.50 PSF rent increase. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB” which is classi?ed as investment grade. This Dollar Tree is highly visible as it is strategically positioned off of Elm St (which sees over 7,600 vehicles per day). The three-mile population is in excess of 7,500+ with the three-mile average household income at $63,982. These are above-average demographics for a Dollar Store. This investment will offer a new owner success due to the ?nancial strength and the proven pro?tability of the tenant, one of the nation’s top dollar stores. The List price re?ects a 9% cap rate based on NOI of $45,068.

FOR SALE DETAILS

PRICE

$500,755 USD

PRICE/SF

$63 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

Commercial

APN/PARCEL ID

S361-0025,S361-0026

ASK ABOUT THIS PROPERTY

Andrew BenderFortis Net LeaseMore Info
248-419-3657

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Andrew BenderFortis Net LeaseMore Info
248-419-3657

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