5100 Highway 56 - Freestanding FOR SALE


Chauvin, LA 70344
$567,650 USD
850-977-6991
5100 Highway 56, Chauvin, LA for Sale
$567,650 USD
Freestanding - FOR SALE
1/7
null | 7.49% Cap Rate

5100 Highway 56
Chauvin, LA 70344


HIGHLIGHTS

  • Attractive Low Price Point and Cap Rate
  • Strong credit tenant; ecommerce resilient tenant
  • Over 8,000 Family Dollar Stores

OVERVIEW

The subject property is a net-leased corporate guaranteed Family Dollar located in Chauvin, Louisiana. Family Dollar has been at this location since the 8,100 SF building was built in 1997. The building is situated on approximately +/-.95 acres next to USPS, Capital One Bank, and Coastal Commerce Bank. Family Dollar has +/- 2 years remaining on the lease, the lease auto-renewed in December of 2018. The tenant has 2 x 5-year renewal options remaining with 5% rent increases per option. The property is double-net with the landlord responsible for the roof, structure, CAM, exterior, and electrical/plumbing. The landlord is responsible for major repairs/replacement and HVAC repairs greater than $500. The Tenant reimburses for the tax and insurance over the base year. Based on provided expenses, the Landlord spent $1760 on CAM, $0 on Maintenance. The property is being offered at a 7.5% cap rate and is an ideal opportunity for a passive investor looking for a credit rated corporate-backed asset in the state of Louisiana. The asset is being sold as part of a portfolio of Family Dollar stores or can be purchased separately.

FOR SALE DETAILS

PRICE

$567,650 USD

PRICE/SF

$70 USD /SF

CAP RATE

7.49%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

-

APN/PARCEL ID

43037

ASK ABOUT THIS PROPERTY

Harry BellBellcore Commercial, LLCMore Info
850-977-6991

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

Harry BellBellcore Commercial, LLCMore Info
850-977-6991

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