2100 Louisville Ave Monroe, LA

Listing agency Northmarq | Atlanta Show Phone

Listed by Jason Powell Show Phone

Source Moodyscre

Added: Apr 30, 2024 Updated: Jul 6 at 10:13AM Checked: Jul 21 at 3:10AM

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Investment Insights

Based on property information with market context.

This property is an outparcel to a retail plaza situated along Louisville Ave, a major retail corridor with retailers such as Walmart, Rent-A-Center, and Office Depot. The property is leased to Dollar Tree, Inc. (NASDAQ: DLTR), which has reported total annual sales exceeding $26 billion and carries investment grade credit ratings of BBB-/Stable and Baa2/Stable from S&P and Moody’s, respectively. Dollar Tree is operating under an Absolute NNN lease, where the tenant is responsible for all expenses relating to the property including taxes, insurance, CAM, roof and structure, providing zero landlord responsibilities. A complete renovation of both the interior and exterior occurred in 2023 as the tenant updated the store to meet new prototype standards, signaling Dollar Tree's continued commitment to this site. Additionally, Dollar Tree renewed their lease for an additional period of five years in 2023. The current rate is $8.85 PSF. The property is located in Monroe, LA, just off of Louisville Ave, a major roadway with traffic counts over 20,000 VPD. The area is home to over 48,000 people within a 3-mile radius and an average HH income of $62,235.

Key Highlights

• Investment Grade Tenant: Leased to Dollar Tree (NASDAQ: DLTR) with investment grade credit ratings (BBB-/Baa2).
• Absolute NNN Lease: Zero landlord responsibilities; tenant handles all expenses.
• Below Market Rent: Current rent is 34% below the sub‑market average.

Property Analytics

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FAQs

What type of property is this?

Storefront property - NNN leased Dollar Tree in strong retail corridor.

Where is this storefront property located?

The property is located at 2100 Louisville Ave Monroe, LA.

What is the asking price?

The asking price for this property is $2,943,972.

What are key features of this property?

This property features: Investment Grade Tenant: Leased to Dollar Tree (NASDAQ: DLTR) with investment grade credit ratings (BBB-/Baa2).; Absolute NNN Lease: Zero landlord responsibilities; tenant handles all expenses.; Below Market Rent: Current rent is 34% below the sub‑market average.