Family Dollar Net Lease Investment | 8.7% Cap Rate
4595 Highway 27 S
Sulphur, LA 70665
- Busy commercial corridor with traffic counts over 12K vehicles per day, five mile population over 34,000 and average household income of $73,459
- ± 8,000 SF retail location sits on a 0.75 acre site
- NN lease extended through June 2022 with 10% rent increases in each of the four 5-year periods
- Well maintained property with HVAC units replaced (2012 and 2017) and parking lot restriped in 2017
- Lease has percentage rent clause
- Outstanding corporate guarantee with publicly traded, credit tenant
- Located three miles south of Interstate 10 and thirteen miles west of Lake Charles
- Nancy Miller of Bull Realty, LA License # 0095683059
Bull Realty is pleased to offer this single tenant NN leased Family Dollar investment property, located in Carlyss, a bedroom community of Sulphur, part of the Lake Charles MSA in the southwestern portion of Louisiana.
This NN lease was extended through June 2022, showing a renewed commitment to this location. Guaranteed by Family Dollar, a subsidiary of Dollar Tree, it has four 5-year options remaining with 10% rent increases and a percentage rent clause.
Landlord responsibilities include repairs and maintenance to the roof, structure, parking lot and interior repairs & maintenance in excess of $1,500 in any lease year. Family Dollar fully reimburses the Landlord for taxes and insurance.
Built in 2002 and remodeled in 2013, the ± 8,000 SF building is situated on a three-quarter acre parcel three miles south of Interstate 10. The population within a five mile radius is 34,349 with an average household income of $73,459. Nearby traffic counts average 12,204 vehicles per day. The property is 13 miles west of Lake Charles, the fifth largest city in Louisiana, and the biggest casino market in the state.