Family Dollar
305 US-90, IOWA, LA 70647

$638,000· Single Tenant (Available)

Investment Highlights

STNL RETAIL

  • 8,000 +/-Square Feet
  • 70 AC Parcel
  • Built in 2001
  • Renovated In 2013
  • HVAC Replaced a Couple Years Ago
  • Parking Lot Striping Last Done In 2021
  • Complete Building Power Wash Done In 2023
  • Replacement of Two Exterior Lights In 2023
  • Parking Lot Repairs Made in 2023

FAMILY DOLLAR

  • Corporate–15,000+ Locations
  • Publicly Traded: DLTR
  • Founded In 1986
  • Locations In 48 States

LEASE OVERVIEW

  • Build To Suit In 2001
  • Has Operated at This Location For 23+ Years
  • Percentage Rent Clause
  • Recent Extension Through June 2029
  • Three –Five Year Options Remain

DOUBLE-NETLEASE

  • Tenant Responsible for Real Estate Taxes
  • Tenant Responsible for Up to $1,500 In Any Lease Year
  • Landlord Responsible for Any Repair Over $1,500 In Any Lease Year
  • Tenant Responsible for Insurance
  • Landlord Responsible for Roof & Structure & Parking Lot

LOCATION

  • 194 Miles from Downtown New Orleans, LA
  • 156 Miles from Houston, TX
  • Minimal Competition -One Dollar General in Town
  • Iowa, La Market–100% Occupancy

DEMOGRAPHICS

  • Over 8,100 Residents Within Five Miles
  • Average Household Income of $64,921 Within Five Miles

Location

Agent

Jeff Rowlett

jeff.rowlett@marcusmillichap.com
262 364 1924

Jeff Rowlett is a leading Investment Advisor at Marcus & Millichap serving private capital investors in Chicago, Milwaukee and nationwide. Mr. Rowlett is widely recognized as a leading investment properties specialist. His expertise is in understanding the capital markets, knowing..

Contact

Message has been sent successfully.