Investment Highlights
STNL RETAIL
- 8,000 +/-Square Feet
- Built to Suit in 2001
- Renovated In 2013
- Parking Lot Striping Last Done In 2021
- Complete Building Power Wash Done In 2023
- Parking Lot Repairs Made in 2023
FAMILY DOLLAR
- Corporate–15,000+ Locations
- Publicly Traded: DLTR
- Founded In 1986
- Locations In 48 States
LEASE OVERVIEW
- Has Operated at This Location For 23+ Years
- Percentage Rent Clause - Reports Store Sales
- Recent Extension Through June 2029
- Three –Five Year Options Remain
DOUBLE-NETLEASE
- Tenant Responsible for Real Estate Taxes
- Tenant Responsible for Up to $1,500 In Any Lease Year
- Landlord Responsible for Any Repair Over $1,500 In Any Lease Year
- Tenant Responsible for Insurance
- Landlord Responsible for Roof & Structure & Parking Lot
LOCATION
- 194 Miles from Downtown New Orleans, LA
- 156 Miles from Houston, TX
- Minimal Competition -One Dollar General in Town
- Iowa, La Market – 100% Occupancy
DEMOGRAPHICS
- Over 8,100 Residents Within Five Miles
- Average Household Income of $64,921 Within Five Miles
Listed in Conjunction with:
STEVE GREER
Broker of Record
P: (225) 376-6800
Lic #: BROK.995710346-ACT
