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Family Dollar, Baton Rouge, LA

Family Dollar

LA, United States

Price $1,998,000
Cap Rate
NOI
Lease Term 15 Years
Lease Type
Rental Increases 10% Rental Increases After Year 10 and Every 5 Years Thereafter
Year Built 2016
Building Size 9,180 sq. ft.
Lot Size 2.9 Acres (126,306 sq. ft.)
Status Sold
Lead Broker Information Vince Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Investment Highlights

CORPORATE GUARANTEED LEASE WITH SCHEDULED RENT INCREASES
» The lease is guaranteed by Dollar Tree, Inc. (NASDAQ: “DLTR”)
» Dollar Tree, Inc. is rated “BB+” by Standard & Poor’s
» Scheduled rental increases of 10% after year 10 and every 5 years thereafter, providing a hedge against inflation

ABSOLUTE TRIPLE NET LEASE
» Tenant is responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» No landlord management
» Ideal investment opportunity for an out-of-area investor

HIGH-TRAFFIC LOCATION IN CENTRAL BATON ROUGE
» 23,504 vehicles per day directly in front of the site on Plank Road
» Convenient access to Interstate 110 (61,887 AADT) and Airline Highway (41,133 AADT)
» Close proximity to downtown Baton Rouge, Baton Rouge Metropolitan Airport, Louisiana State University, Southern University and A&M College, and ExxonMobil – the region’s major transportation, education, and employment centers
» Located in a densely populated area, with a population of 137,683 within a five-mile radius

BRAND NEW 2016 CONSTRUCTION
» Features latest Family Dollar prototype
» Built to tenant’s exact specifications
» Brand new building, limiting near-term deferred maintenance or capital costs

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is located on Plank Road, with excellent visibility and access to 23,504 vehicles per day. Access to Interstate 110, which experiences a high traffic count of 61,887 vehicles per day, is less than half a mile west of the property. Additionally, access to Airline Highway is half a mile north of the property along Plank Road. Airline Highway boasts a traffic count of 41,133 vehicles per day. The site is located near several major retailers, including Citi Trends, MetroPCS, Firestone, Krispy Kreme, Sherwin-Williams, and many others.

The property benefits from its central location in Baton Rouge. ExxonMobil’s refinery is just over a mile and a half from the site. The refinery is the one of the largest in the U.S. and employs over 4,000 people. The Baton Rouge Metropolitan Airport is approximately two miles north of the property on Plank Road. Finally, Southern University and A&M College and Louisiana State University, the largest universities in the Baton Rouge area, are located near the property, with Southern University and A&M College located three miles northwest and Louisiana State University located six miles southwest of the site.

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