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Family Dollar Net Lease 436 Fuller st 10,500 SF 100% Leased Retail Building Doyline, LA 71023 $1,870,458 CAD ($178.14 CAD/SF) 9% Cap Rate
Investment Highlights
- Net Leased Offering
- Corporate Guarantee
- Densely Populated Area with Strong Residential and Retail Demand
- Minimal Landlord Obligations
- Scheduled Increases in Options
- Well-Positioned in a Growing Retail Market in Doyline, LA
Executive Summary
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This is an excellent opportunity to acquire a newly leased Family Dollar property located at 436 Fuller Street, Doyline, Louisiana, priced at $1,369,667. The property is secured by a 10-year net lease, offering minimal landlord obligations. The lease commenced recently and is set to expire on May 31, 2034. Additionally, the lease includes six 5-year renewal options, each with $0.50/SF rent increases in the option periods. The lease is backed by a corporate guarantee, further ensuring a reliable income stream for investors.
The property is situated in a well-traveled area with strong visibility and access, benefiting from local and regional traffic. Family Dollar, a well-known national retailer, serves the community with a wide range of products, and the Doyline location is positioned to capture both local shoppers and customers from surrounding areas.
This is an excellent opportunity to acquire a newly leased Family Dollar property located at 436 Fuller Street, Doyline, Louisiana, priced at $1,369,667. The property is secured by a 10-year net lease, offering minimal landlord obligations. The lease commenced recently and is set to expire on May 31, 2034. Additionally, the lease includes six 5-year renewal options, each with $0.50/SF rent increases in the option periods. The lease is backed by a corporate guarantee, further ensuring a reliable income stream for investors.
The property is situated in a well-traveled area with strong visibility and access, benefiting from local and regional traffic. Family Dollar, a well-known national retailer, serves the community with a wide range of products, and the Doyline location is positioned to capture both local shoppers and customers from surrounding areas.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
10,500 SF
Year Built
2024
Price
$1,870,458 CAD
Price Per SF
$178.14 CAD
Cap Rate
9%
NOI
$168,341 CAD
Percent Leased
100%
Building Height
1 Story
Lot Size
116.07 AC
Property Taxes
| Parcel Number | 108952 | Improvements Assessment | $0 CAD |
| Land Assessment | $601 CAD | Total Assessment | $601 CAD |
Property Taxes
Parcel Number
108952
Land Assessment
$601 CAD
Improvements Assessment
$0 CAD
Total Assessment
$601 CAD
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Family Dollar Net Lease | 436 Fuller st
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