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Net Leased Family Dollar 612 Main st 10,500 SF 4-Star Retail Building Hackberry, LA 70645 $1,712,728 CAD ($163.12 CAD/SF) 9% Cap Rate
Investment Highlights
- Net Leased Offering
- Corporate Guarantee
- Excellent visibility along Main Street
- Minimal Landlord Obligations
- Six 5-year renewal options with $0.50/SF rent increases in each option periods
- Located Southwest of Lake Charles
Executive Summary
The Kase Group is pleased to offer the opportunity to acquire a new 10-year net-leased Family Dollar in Hackberry, Louisiana, supported by a corporate-guaranteed NN lease with minimal landlord responsibilities. The investment features a 9.00% capitalization rate on a current annual rent of $112,875, providing stable, passive income secured by Family Dollar Stores, Inc.
The lease includes six 5-year renewal options with $0.50/SF rent increases in each option periods, offering future revenue growth and an inflation hedge beyond the base term. The Family Dollar property benefits from excellent visibility along Main Street and is located near southwest Louisiana's largest metro area, Lake Charles. Operating as the sole national discount retailer within a 14-mile radius, Its location on the Creole Nature Trail, a primary arterial connecting the Gulf Coast to Lake Charles, ensures consistent exposure to local residents and heavy industrial traffic.
The lease includes six 5-year renewal options with $0.50/SF rent increases in each option periods, offering future revenue growth and an inflation hedge beyond the base term. The Family Dollar property benefits from excellent visibility along Main Street and is located near southwest Louisiana's largest metro area, Lake Charles. Operating as the sole national discount retailer within a 14-mile radius, Its location on the Creole Nature Trail, a primary arterial connecting the Gulf Coast to Lake Charles, ensures consistent exposure to local residents and heavy industrial traffic.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2024
Price
$1,712,728 CAD
Price Per SF
$163.12 CAD
Cap Rate
9%
NOI
$154,146 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.40 AC
Parking
10 Spaces (0.95 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 0600027200 | Improvements Assessment | $0 CAD |
| Land Assessment | $2,752 CAD | Total Assessment | $2,752 CAD |
Property Taxes
Parcel Number
0600027200
Land Assessment
$2,752 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,752 CAD
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Net Leased Family Dollar | 612 Main st
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