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: 1/16/2018

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
Retail Clientele: General, Family

Demographic Statistics

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


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
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