Net Lease Investment in Cameron, Louisiana

Shopping Center for Sale
Catylist Listing ID: 30049656
Property Subtypes: Free-Standing Store, Net Leased
Building Size (RSF): 8,100 SF
Gross Building Area: See Agent
Sale Price: $675,000
Unit Price: $83.33 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Family Dollar
Sale Terms: Cash to Seller
Cap Rate: 7.64%
Last Updated: 8/14/2017

Overview / Comments

NAI Latter & Blum is pleased to offer FOR SALE at an 7.64% cap rate, this NN lease Family Dollar Store located in Cameron, Louisiana. See attached offering memorandum for additional information.

- Established and successful store located in growing area
- Recently Extended Lease through mid 2023
- Five, 5 year options remaining with 10% increases in each option period
- Corporate guaranteed by Family Dollar with over 8,100 stores in 46 states
- Prime candidate for 1031 Exchange

Additional Details

Nearest MSA: Lake Charles
County: Cameron
Zoning: NO ZONING IN CAMERON PARISH
Retail Clientele: General, Family

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 406 406
Median Age: 41.62 41.62
Households: 165 165

Contact

Photograph of Listing Agent

Matt Redd

NAI/Latter & Blum Commercial Lake Charles Lake Charles, LA 70601
LACDB Member
Photograph of Listing Agent

Mark T Digiglia

NAI/Latter & Blum Commercial Lake Charles Lake Charles, LA 70601
LACDB Member
© Copyright Louisiana Commercial Database, LLC. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.