8016 Ridge St - Freestanding FOR SALE


Pollock, LA 71467
$1,256,781 USD
781-776-4006
8016 Ridge St, Pollock, LA for Sale
$1,256,781 USD
Freestanding - FOR SALE
1/5
null | 7% Cap Rate

8016 Ridge St
Pollock, LA 71467


HIGHLIGHTS

  • Long Term Lease
  • Attractive Rent Increases
  • Double Net Lease
  • Investment Grade Credit
  • Dominant Market-Share Location
  • Strategic Retail Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Family Dollar investment property located at 8016 Ridge Street in Pollock, Louisiana (the “Property”). Family Dollar has occupied this build-to-suit location since 2020 and has 7 years remaining on their lease with six (6), 5-year renewal options. The lease features attractive rent increases at the start of each renewal option. Family Dollar is positioned at the intersection of Ridge Street (US Highway 165) and Howard Street the area’s primary commercial and commuter corridors. The newer construction building benefits from outstanding visibility and frontage and is just 0.2-miles from the Pollock Municipal Buildings (Town Hall, Police Department, Library and US Post Office) and 0.4-miles from both the Pollock Elementary School. Family Dollar, along with a Dollar General, serve as the primary shopping destinations within the town. Pollock is located in central Louisiana approximately 15-miles north of Alexandria, the closest city, and approximately 105-miles from Lafayette, 110-miles from Shreveport, and 125-miles from Baton Rouge.

FOR SALE DETAILS

PRICE

$1,256,781 USD

PRICE/SF

$143 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

-

APN/PARCEL ID

0800108664

ASK ABOUT THIS PROPERTY

Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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