Building Details

Building Size 10,500 SF

Year Built 2024

Listed By: Mike Stinson, CCIM Show Phone

Source: Sauragerotenberg

Added: Mar 26 Changed: Oct 25 Last Checked: Oct 26 at 2:12PM

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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 Mike Stinson, CCIM

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Investment Insights

Based on property information with market context.

This 10,500 square foot Dollar Tree & Family Dollar hybrid store is located in Krotz Springs, Louisiana, in St. Landry Parish. Built in 2024, the property is strategically positioned in the heart of Krotz Springs, directly off Hwy 190, which sees over 13,648 cars per day. The surrounding area within a five-mile radius has a population of 2,590, with an average household income exceeding $68,484. The property is encumbered with a ten-year double net lease with minimal landlord responsibilities and four five-year options to renew, each with a $0.50 PSF rent increase. The lease, corporately guaranteed by Dollar Tree Corporation, holds a credit rating of "BBB-", classified as investment grade. The annual rent is $94,500.00 ($9 PSF). Tenant is responsible for Taxes, Insurance & CAM. Landlord is responsible for Roof, Structure & Parking. The lease started on April 1, 2024, and ends on March 30, 2034. Dollar Tree, Inc. operates discount retail stores in the United States and Canada, with over 15,000 stores. The company operates in two segments, Dollar Tree and Family Dollar. Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise. A Fortune 500 Company, Dollar Tree is headquartered in Chesapeake, Virginia.

Key Highlights

• Corporately guaranteed lease by Dollar Tree Corporation with a 'BBB-' investment‑grade credit rating.
• Brand new 10,500 SF Dollar Tree & Family Dollar hybrid store built in 2024, offering a dual‑tenant concept.
• Located in a high‑visibility area in the heart of Krotz Springs, LA, with traffic counts of 13,648 vehicles per day on Hwy 190.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$101,937

Cap Rate

7.82%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,038,740 $2.0M

Cap Rate 7%

$1,456,243 $1.5M

Cap Rate 9%

$1,132,633 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,500 SF

Gross rent

$144.9K $13.80/SF

− Vacancy

−$9.0K −$0.86/SF

EGI

$135.9K $12.94/SF

− OpEx

−$34.0K −$3.24/SF

NOI

$101.9K $9.71/SF

Area

St. Landry County, LA

Vacancy

6.20%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,038,740

Cap Rate 7%

$1,456,243

Cap Rate 9%

$1,132,633

Alternative Uses

Best Use

Specialty Retail

$1.46M

$1.27M – $1.70M (±1% cap)

NOI $101,937 @ 7.0% cap · market cap 7.82%

Second Best

Retail

$1.04M

$912.9K – $1.22M (±1% cap)

NOI $73,030 @ 7.0% cap · market cap 5.60%

Theoretical Best

Office A

$1.58M

$1.39M – $1.85M (±1% cap)

NOI $110,880 @ 7.0% cap · market cap 8.51%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Parking Lot & Garage Plumbing Service HVAC Service Grocery & Convenience Store Auto Parts Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

43

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 70750, LA

1,321

Population

616

Households

2.1

Avg Household Size

41

Median Age

6%

College-Educated

73%

High-School Grad

67.0 sq mi

ZIP Area

20

Density / Sq Mi

$39,259

Median Household Income

$36,597

Median Earnings

$113,200

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - New 10,500 SF Dollar Tree/Family Dollar in Krotz Springs.

Where is this grocery and convenience store located?

The property is located at 24416 Hwy. 190 Krotz Springs, LA.

What is the asking price?

The asking price for this property is $1,303,450.

What are key features of this property?

This property features: Corporately guaranteed lease by Dollar Tree Corporation with a 'BBB-' investment‑grade credit rating.; Brand new **10,500 SF Dollar Tree & Family Dollar hybrid store built in 2024**, offering a dual‑tenant concept.; Located in a high‑visibility area in the heart of Krotz Springs, LA, with traffic counts of 13,648 vehicles per day on Hwy 190.