Dollar Tree/Family Dollar Hybrid
24416 U.S Hwy 190, Krotz Springs, LA 70750
New 10,500 SF Dollar Tree/Family Dollar in Krotz Springs.
Type:Retail
Property size:
10,500 SFLot size:
1.47 AcresPrice / SF:
$124/SF- Added:
- Jan 10, 2023
- Days on Market:
- 1274
- Last Refresh:
- Jul 4 at 10:18 am
Property Features for 24416 U.S Hwy 190
General Information
- Standard status
- Active
- Size
- 10,500 SF
- Lot size
- 1.47 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2024
Listing office Saurage Rotenberg Commercial Real Estate
Listing date Jan 10, 2023
Source Crexi
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 Saurage Rotenberg Commercial Real Estate
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.
- 10‑year double‑net (NN) lease requiring minimal landlord responsibilities.
- Attractive 7.25% capitalization rate based on a net operating income (NOI) of $94,500.
- Favorable demographics with a five‑mile average household income exceeding $68,484.
Overview
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.
Local Financial Insights For Specialty 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 | $144.9k | $13.80 |
| − Vacancy | −$9.0k | −$0.86 |
| EGI | $135.9k | $12.94 |
| − OpEx | −$34.0k | −$3.24 |
| NOI | $101.9k | $9.71 |
10,500 SF · lease $13.80/SF/yr · vacancy 6.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.46M
$1.27M – $1.70M
NOI $101,937 @ 7.0% cap · market cap 7.82%
Second Best
Retail
$1.04M
$912.9K – $1.22M
NOI $73,030 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$1.58M
$1.39M – $1.85M
NOI $110,880 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Location Insight
- Map
- Local Demand
- City
- Krotz Springs
- County
- St. Landry
- State
- Louisiana
- Longitude
- -91.7648
- Latitude
- 30.547
FAQs
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 U.S 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.
