Family Dollar - Shreveport

525 Kings Hwy Shreveport , LA 71104-4443

Family Dollar - Shreveport - retail for sale

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Overview



Situated less than two miles south of downtown in the centrally located Highland-Stoner Hill area of Shreveport, the Asset has prominent visibility with 150 feet of frontage along Kings Highway (20,000 VPD). The Property belongs to a thriving Kings Highway retail corridor that includes nearby high-traffic tenants like Brookshire’s Food & Pharmacy across the street, in addition to Mall St. Vincent a half mile down the road. Other nearby value drivers providing a substantial customer base include the neighboring C.E. Byrd High School with over 2,000 students and Ochsner LSU Health Shreveport medical district less than a mile down Kings Highway.

Investment highlights



·       Investment Grade Tenancy

·       Net Lease Structure with Two Renewal Options

·       Strong Surrounding Trade Area

·       Premium Accessibility to Traffic

·       Proximity to Significant Value Drivers

General
Property type Retail
Property subtype Single tenant/Standalone
Tenure type Sale/Purchase
Property address 525 Kings Hwy, Shreveport, LA 71104-4443
Building size 10,045  ft2
Financial
Price $781,000
Cap rate 8.50%
Current NOI $66,404.00
Lease
Tenant's name Family Dollar Store, Incorporated
Guarantor DOLLAR TREE STORES, Incorporated
Guarantor credit rating (S&P) BBB-
Lease type NN
Annual rent $66,404.00
Lease expiration date 12/31/2023
Remaining term 4.3Yrs

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