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Family Dollar 3845 Elm St 10,531 SF Retail Building Choudrant, LA 71227 $2,339,938 CAD ($222.20 CAD/SF) 8% Cap Rate



INVESTMENT HIGHLIGHTS
- Brand new 2024 construction for Family Dollar
- Tenant is responsible for HVAC, CAM, taxes, and insurance
- Average household income of $73,996 annually
- 8.75 years remaining corporate lease with minimal landlord responsibilities
- 5-Mile population of 85,772 residents
- Traffic counts on I-20 exceed ±40,700 vehicles daily
EXECUTIVE SUMMARY
Broker of Record
Donnie Jarreau
License No. BROK.995704351-CORP (LA)
(866) 889-0550
Jarreau Real Estate
16173 Perkins Road Baton Rouge, LA 70810
Donnie Jarreau
License No. BROK.995704351-CORP (LA)
(866) 889-0550
Jarreau Real Estate
16173 Perkins Road Baton Rouge, LA 70810
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
10,531 SF
Building Class
B
Year Built
2024
Price
$2,339,938 CAD
Price Per SF
$222.20 CAD
Cap Rate
8%
NOI
$187,195 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
4.24 AC
Parking
20 Spaces (1.9 Spaces per 1,000 SF Leased)
Frontage
485’ on Elm Street
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Accommodation and Food Services
- -
- -
- -
Subway is a privately held global quick-service restaurant brand founded in 1965. It operates through a franchise model, offering customizable submarine sandwiches, wraps, salads, and beverages. The brand emphasizes fresh ingredients and quick service across thousands of locations worldwide. Subway remains privately owned and continues to expand its footprint through franchising, maintaining its position as one of the largest restaurant chains globally.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
Accommodation and Food Services | - | - | - |
PROPERTY TAXES
| Parcel Number | 18821 | Improvements Assessment | $94,562 CAD |
| Land Assessment | $6,705 CAD | Total Assessment | $101,268 CAD |
PROPERTY TAXES
Parcel Number
18821
Land Assessment
$6,705 CAD
Improvements Assessment
$94,562 CAD
Total Assessment
$101,268 CAD
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Family Dollar | 3845 Elm St
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