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Views: 107 DOM: 189 Updated: 11.08.24 Posted: 05.28.24 Status: Active

Summary

Price $905,000
Built/Renov 2017
Tenant Family Dollar
Cap Rate 9.50%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 8,320
Lease Start 12-07-2017
#Units 8,359
Price/SF $108.77
Expiration 06-30-2028
Tenant Type Dollar/Discount
NOI $86,000
R. Term 3.7
Ownership Fee Simple
Rent/SF $10.34
Increases 0.0%/4/yrs
Pop 5Mi 8,147
Lot/AC 0.95
Options 6/5yrs
AHHI 5Mi $87,109

Lease Highlights

  • Family Dollar has 4 years remaining on the current lease term with 6 (5-year) options to extend
  • The lease features $0.50/PSF rental escalations at the start of each option period
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Family Dollar is strategically located on Anse Broussard Highway, surrounded by well-known national tenants such as Walmart Supercenter, Wendy's, Taco Bell, O'Reilly Auto Parts, Tractor Supply Co, and more. The 5-mile trade area is supported by a population of 8,147 residents with an average household income of $87,109. Breaux Bridge is a small city in St. Martin Parish, Louisiana, with a...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Family Dollar is an American retail, variety discount store chain, with over 8,000 locations in all states except Alaska and Hawaii. The chain operates general merchandise retail discount stores...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 2,317 12,335 22,911
2024 Total Population : 2,174 12,373 22,974
2024 Employed Civilian Pop : 1,117 5,717 10,771
2024 Total Businesses : 37 525 733
2024 Average Household Income : $ 91,030 $ 73,532 $ 73,781
2024 Total Consumer Spending : $ 66 M $ 317 M $ 592 M
2024 Median Age : 42 39 39
2024 Total Households : 829 4,842 8,993
2024 Pop Age 25+: Bachelor's Degree : 208 998 1,930
2024 Average Home Value : $ 268,294 $ 217,428 $ 201,651
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Anse Broussard Highway Noe Rd 2022 5,374 0.16 mi
Main Highway State Hwy31 2022 3,408 0.39 mi
Declouet Highway Nella Jeanne Rd 2022 1,992 0.59 mi
Anse Broussard Hwy 2022 51,282 0.81 mi
Julie St 2022 5,109 1.08 mi
Main Highway Magenta Dr 2022 3,767 1.42 mi
Anse Broussard Hwy 2022 9,720 1.61 mi
Rees St Doucet Dr 2010 19,239 1.86 mi
Rees Street Agnes Dr 2022 17,142 1.95 mi
Berard St Bayou Ln 2010 8,771 2.12 mi

Listing Broker

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