24416 Us Hwy 190 - Freestanding FOR SALE


Krotz Springs, LA 70750
$1,303,450 USD
225-766-0000
24416 Us Hwy 190, Krotz Springs, LA for Sale
$1,303,450 USD
Freestanding - FOR SALE
1/5
null | 7.25% Cap Rate

24416 Us Hwy 190
Krotz Springs, LA 70750


HIGHLIGHTS

  • Investment Opportunity

OVERVIEW

INVESTMENT OFFERING: Saurage Rotenberg is pleased to present this built to suit 10,500 SF Dollar Tree & Family Dollar Hybrid store located in Krotz Springs, LA. The property is encumbered with a ten (10) year double net lease, leaving a minimal landlord responsibilities. The lease contains four (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 classified as investment grade. This store is highly visible as it is strategically positioned in the heart of Krotz Springs, Louisiana, in St. Landry Parish. The store is directly situated off Hwy. 190 which sees over 13,648 cars per day. The five mile population is 2,590 with a five mile average household income in excess of $68,484. This investment will offer a new owner success due to the financial strength and the proven profitability of the tenant, one of the nation's top dollar stores. List price reflects a 7.25% cap rate based on NOI of $94,500. INVESTMENT SUMMARY: List Price: $1,303,450.00 Current NOI: $94,500.00 Initial Cap Rate: 7.25% Land Acreage: 1.47 Year Built: 2024 Building Size: 10,500 Price Per SF: $124.00 Lease Type: NN Lease Term: 10 Yr INVESTMENT HIGHLIGHTS: New Dual Tenant Concept | Brand New Lease Combo Stores See 20% Increase in Revenue 13,648 Traffic Count of Hwy. 190 10 Yr NN Lease Requiring Minimal Landlord Responsibilities Four- (5 Yr) Options | $0.50 Rental Rate Increase Investment Credit Tenant | Standard & Poor's: 'BBB-' Five Mile Average Household Income of $68,484 Anticipated turnover is April 2024 FINANCIAL INCOME SUMMARY: Rent: $94,500.00 (PSF: $9) Gross Income: $94,500.00 (PSF: $9) LEASE SUMMARY: Tenant: Dollar Tree/Family Dollar Lease Type: NN Primary Lease Term: 10 Yr Annual Rent: $94,500.00 Rent PSF: $9.00 Roof, Structure & Parking: Landlord Responsibility Taxes, Insurance & CAM: Tenant Responsibility Lease Start Date: 4/1/2024 Lease End Date: 3/31/2034 Lease Term Remaining: 10 yr Rent Bumps: In Options ($0.50 P/Ft) Renewal Options: 4- (5 Years) Lease Guarantor: Dollar Tree Corp Lease Guarantor Strength: BBB- Tenant Website: DollarTree.com TENANT HIGHLIGHTS: $22.5+ Billion Market Capital in 2020 Same Store Sales Increases 4.4% in 2019 Ranked #134 on Fortune 500 in 2020 Recently Opened its 15,200th store in the USA Boasts a staggering TTM revenue exceeding $24 billion DOLLAR TREE Dollar Tree, Inc. operates discount retail stores in the United States and Canada. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise. This segment operates under the Dollar Tree, Dollar Tree Canada, Deals, and Dollar Tree Deals brands, as well as 10 distribution centers in the United States and 2 in Canada, and a store support center in Chesapeake, Virginia. A Fortune 500 Company, Dollar Tree is headquartered in Chesapeake, Virginia and was founded in 1953. The name of the company Only $1.00 was changed to Dollar Tree Stores in 1993 and, shortly thereafter, in 1995, the company went public with a market value of $225 million. Today, Dollar Tree is a $20+ billion dollar company and a premier operator in its industry. Company: Dollar Tree Founded: 1986 Total Revenue: 22.25B Net Income: 1.714B Headquarters: Chesapeake, Virginia Website: www.DollarTree.com DTFD: Gross Sales: $22.25B DTRD: Store Count: 15,000+ DTFD: Guarantor: Dollar Tree DTFD: S&P BBB-

FOR SALE DETAILS

PRICE

$1,303,450 USD

PRICE/SF

$124 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Family Dollar/Dollar Tree Combo Store

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

64,033 SF

ZONING

COMMERCIAL

APN/PARCEL ID

0400880000

ASK ABOUT THIS PROPERTY

Mike StinsonSaurage Rotenberg Commercial Real EstateMore Info
225-766-0000

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Mike StinsonSaurage Rotenberg Commercial Real EstateMore Info
225-766-0000

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