201 S Elm St Haughton, LA 71037

This retail property is located in Haughton, Louisiana, part of the Shreveport-Bossier City Metropolitan Statistical Area. The property was recently re-branded as a Dollar Tree, after operating successfully as a Family Dollar at this site since 2001. The re-branding in 2019 included interior remodeling and a new exterior facade. Prior to the re-branding, between 2017 and 2019, the landlord completed extensive work on the parking lot, roof, and HVAC system. Haughton is a bedroom community of Shreveport, which is the third-largest city in Louisiana, located 15.8 miles to the east. The Shreveport-Bossier City MSA features universities, casinos, gardens, and museums. Barksdale Air Force Base is located 15 miles east of Haughton. The base has over 7,800 active duty and reserve personnel, as well as 2,150 civilian employees. The immediate area includes elementary and high schools, national retailers such as Pilot Travel Center, Pizza Hut, and Dollar General, as well as manufacturing and energy firms like Integrity Industries and Kinder Morgan. Traffic counts are nearly 7,000 vehicles per day on South Elm Street, and the property is located 1.3 miles south of I-20. Within a 5-mile radius, the population is 15,051 with an average household income of $77,111. The remaining NN lease term runs through 2027, with options through 2047. The lease features rent escalations every five years of 9%-10%. The property size is 8,000 square feet.