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Investment Highlights

  • 2023 build to suit for Family Dollar Tree
  • Corporately guaranteed lease
  • The subject property comes with a 20-year roof warranty
  • ±8.5 years remaining on an initial 10-year lease
  • Rent increases of $5,250 ($0.50 / SF) in all five, 5-year options

Executive Summary

LOW PRICE POINT DEAL WITH ATTRACTIVE 9.00% RETURN
• This opportunity has a lower price point of $1.3M with a 9.00% return.
ALEXANDRIA MSA | LARGEST CITY IN THE RAPIDES PARISH
• This Family Dollar is located 18 miles west of downtown Alexandria and is in the MSA.
• Alexandria is the ninth-largest city in the state of Louisiana and is the parish seat and largest city of Rapides Parish, Louisiana.
• Large employers in Alexandria, AL include Procter & Gamble, Crest Industries and Weyerhaeuser have called Alexandria home for more than 40 years
• Home to Louisiana State University at Alexandria (5,100+ students) and Central Louisiana Technical Community College (2,100+ students)
• Alexandria is the heart of Central Louisiana, a vibrant hub along the Red River known for its rich history, cultural heritage, and deep Southern charm
2024 CONSTRUCTION FAMILY DOLLAR | 10 YEAR CORPORATE LEASE
• Family Dollar signed a new 10 year lease in 2024. There are approximately 8 years remaining on the corporate lease.
• There are $0.50 per square-foot rent increases every 5 years in each option period.
• The Tenant is responsible for Parking Lot restriping, HVAC, Landscaping, Taxes, Insurance, and Utilities.
• There are limited landlord responsibilities that include Roof, Structure, and parking lot.
NATIONALLY RECOGNIZED TENANT WITH OVER 7,000 LOCATIONS
• Family Dollar is a private, standalone entity following its strategic 2025 divestiture from Dollar Tree, Inc. The brand now operates with the institutional backing of Brigade Capital Management and Macellum Capital Management, focusing exclusively on its high-growth “small-box” retail model.
• The company operates a massive national network of 7,000+ locations across 48 states and the District of Columbia, serving as a vital provider of essential goods in urban and rural markets where larger competitors have a limited footprint.
• With 67 years of operational history and 2024 net sales of $13.3 billion, Family Dollar remains a recession-resilient tenant. Its mission-critical retail model drives consistent consumer demand and predictable cash flow for property owners.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
10,500 SF
Year Built
2023
Price
$1,810,757 CAD
Price Per SF
$172.45 CAD
Cap Rate
9%
NOI
$162,948 CAD
Percent Leased
100%
Building Height
1 Story
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
  • Listing ID: 40231080

  • Date on Market: 2025-01-08

  • Last Updated:

  • Address: 503 Saint Clair Rd, Boyce, LA 71409

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