Family Dollar
CONTACT US REGARDING THIS LISTING
PROPERTY ADDRESS
1401 Shreveport Rd., Minden, LA 71055
PROPERTY INFORMATION
Price:
$935,294
Cap Rate:
8.50%
Term Remaining:
10 Years
Year Built:
2011
INVESTMENT HIGHLIGHTS
- New, Built-to-Suit Construction for Family Dollar in 2011
- Modern Family Dollar Prototype Store
- Corporate NN Lease | Minimal Landlord Responsibilities
- Six (6), 5-Year Option Periods with 10% Rental Escalations
- Rare Concrete Parking Lot Ensures Long Term Durability
INVESTMENT SUMMARY
Fortis Net Lease is proud to present a Family Dollar at 1401 Shreveport Rd, Minden, LA. The subject property has a 10 Year NN Lease which requires minimum landlord responsibilities. There are six, five year options to renew with a ten percent increase in every option. The subject property is located on a hard corner. The average household income within 5 miles of the property is over $41,000 and the median house value exceeds $119,000. The surrounding area has a population that exceeds 6,000 residents.