Family Dollar | Dollar Tree

3859 Elm Street, Choudrant, LA 71227

$1,741,000

Cap Rate 7.75%

Views: 58 DOM: 116 Updated: 10.06.24 Posted: 08.27.24 Status: Active

Summary

Price $1,741,000	Built/Renov 2024	Tenant Family Dollar \| Dollar Tree
Cap Rate 7.75%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 10,531	Lease Start 05-18-2024	#Units 1,200
Price/SF $165.32	Expiration 05-17-2034	Tenant Type Dollar/Discount
NOI $134,925	R. Term 9.4	Ownership Fee Simple
Rent/SF $12.81	Increases 0.0%/5/yrs	Pop 5Mi 5,333
Lot/AC 1.90	Options 4/5yrs	AHHI 5Mi $78,177

Phil Sambazis

Marcus & Millichap

Contact

Lease Highlights

Brand new 2024 construction
Family Dollar | Dollar Tree has 9+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features $0.50/PSF rental increases 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 | Dollar Tree combo store is strategically located on Elm Street, with access to 5,219 vehicles passing by daily. The property is just off I-20, a major east-west artery with 15,929 VPD, providing direct access to Dallas and Atlanta. It is in close proximity to Louisiana Tech University, Grambling State University, and Louisiana Delta Community College. The site is minutes from...

...

Key Features

New construction
Roof guarantee
Strategically located
Freeway close
University college close
Brand new lease
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

...

Links

Family Dollar | Dollar Tree Wikipedia Family Dollar | Dollar Treee Wikipedia Choudrant, Louisiana Zip Code 71227 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Family Dollar | Dollar Tree
Guarantor:Corp T and Rated
Company:Dollar Tree, Inc.
# Units:1,200
Tenant S&P: BBB
Moody’s: Baa2
Stock: NASDAQ: DLTR

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...

...

Listing Broker

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT