PRICE : | $1,816,000 |
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CAP RATE: | 6.4% |
PROPERTY TYPE: | Retail |
SITE SIZE: | 1.12 Acres |
BUILDING SIZE: | 8,320 SF |
YEAR BUILT: | 2015 |
This 2015 built absolute NNN Family Dollar is located in Shreveport, LA, the 3rd largest city in LA. The recent price adjustment for this ±8,320 SF store on ± 1.12 corner parcel with an upgraded façade makes this a very attractive offering with 7.5 years remaining on the 15-year NNN lease.
This Family Dollar is located on a corner parcel on Monkhouse Road just off Interstate 20, near the Shreveport Regional Airport with combined traffic counts of over 65,000 VPD. This successful store is surrounded by major hotel chains including Best Western, Days Inn, Residence Inn, Economy Inn and Super 8 and has a five-mile population of over 92,310+.
Shreveport, located in Northwest Louisiana, near the Texas border, is known as the center of culture, commerce and entertainment. It is home to Barksdale Air Force Base, the largest employer in the Shreveport-Bossier City MSA, along with other large employers including LSU Shreveport, Louisiana Tech, Southern University, Centenary College, and many national and regional casinos.
Family Dollar no longer offers NNN leases. This is a rare opportunity to improve an investor’s return since this NNN lease has a 10% increase in April 2026 (11th year of the lease term). The blended cap rate for the remaining 7.5 year term is over 6.83%. Other benefits to the landlord include receiving 10% increases in each of the 6 option periods. This lease has a corporate guaranty by Family Dollar, a subsidiary of Dollar Tree, with over 16,300 retail locations and growing.