Retail Build-to-Suit with Dollar Tree
For Sale
Contact for pricing
2221 S Union St, Opelousas, LA 70570
Brand new 2025 build-to-suit retail leased to Dollar Tree with a 10-year NN+ structure and extension periods.
Property Size10,000 SF
Lot Size1.74 Acres
Price / SF$227.89
Days on Market168
Property Features for 2221 S Union St
General Information
Standard status
Active
Size
10,000 SF
Lot size
1.74 Acres
Property subtype
RETAIL
Additional Details
Cap Rate
7.25%
Building Details
Year Built
2025
Tenancy
Single
Listing Agency:
Matthews Real Estate Investment Services | Dallas
(315) 730-6228
Listed By:
Josh Bishop · License #688810(TX)
(315) 730-6228
Source:
Moodyscre
Added: Feb 12
Changed: Jul 30
Last Checked: Jul 30 at 4:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services | Dallas
Investment Insights
Based on property information with market context.
Retail build-to-suit constructed in 2025 for Dollar Tree, featuring the latest prototype and specifications. The property is supported by a corporate lease structure that includes a 10-year NN+ lease term with four, 5-year extension periods. A 20-year transferable roof warranty is also included.
The site sits on a 1.74-acre parcel at 2221 S Union St, Opelousas, LA 70570, and is located adjacent to a Walmart Neighborhood Market and Super Food center. The surrounding retail environment includes McDonald’s, Raising Cane’s, Walmart, Taco Bell, Check Point Urgent Care, and Hobby Lobby.
Demand drivers include a dense trade area with roughly 30,000 residents within a 5-mile radius. The property is also close to both Lafayette and Baton Rouge. The transaction is presented with a 7.25% cap rate.
The site sits on a 1.74-acre parcel at 2221 S Union St, Opelousas, LA 70570, and is located adjacent to a Walmart Neighborhood Market and Super Food center. The surrounding retail environment includes McDonald’s, Raising Cane’s, Walmart, Taco Bell, Check Point Urgent Care, and Hobby Lobby.
Demand drivers include a dense trade area with roughly 30,000 residents within a 5-mile radius. The property is also close to both Lafayette and Baton Rouge. The transaction is presented with a 7.25% cap rate.
Key Highlights
- 7.25% cap rate presented with the transaction
- Brand new 2025 build‑to‑suit for Dollar Tree with latest prototype and specifications
- 10‑year NN+ lease plus four, 5‑year extension periods
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.0k | $10.80 |
| − Vacancy | −$8.6k | −$0.86 |
| EGI | $99.4k | $9.94 |
| − OpEx | −$29.8k | −$2.98 |
| NOI | $69.6k | $6.96 |
10,000 SF · lease $10.80/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$993.6K
$869.4K – $1.16M
NOI $69,552 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,600 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
Explore this area
Business Placement
Demographics for 70570, LA
38,746
Population
17,099
Households
2.3
Avg Household Size
39
Median Age
15%
College-Educated
82%
High-School Grad
171.8 sq mi
ZIP Area
226
Density / Sq Mi
$45,276
Median Household Income
$33,090
Median Earnings
$764
Median Rent
$151,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Brand new 2025 build-to-suit retail leased to Dollar Tree with a 10-year NN+ structure and extension periods.
Where is this retail space located?
The property is located at 2221 S Union St Opelousas, LA.
What is the asking price?
The asking price for this property is $2,278,911.
What are key features of this property?
This property features: 7.25% cap rate presented with the transaction; Brand new 2025 build‑to‑suit for Dollar Tree with latest prototype and specifications; 10‑year NN+ lease plus four, 5‑year extension periods
