5100 Highway 56 Chauvin, LA 70344

The subject property is a net-leased, corporate-guaranteed Family Dollar store located in Chauvin, Louisiana. The 8,100-square-foot building has been occupied by Family Dollar since its construction in 1997. Situated on approximately 0.95 acres, the property is located next to USPS, Capital One Bank, and Coastal Commerce Bank. The lease auto-renewed in December 2018 and has approximately 2 years remaining. The tenant has two 5-year renewal options remaining, each with a 5% rent increase. The property is double-net, with the landlord responsible for the roof, structure, CAM, exterior, and electrical/plumbing, including major repairs/replacement and HVAC repairs exceeding $500. The tenant reimburses for tax and insurance over the base year. Based on provided expenses, the Landlord spent $1760 on CAM, $0 on Maintenance. Offered at a 7.5% cap rate, this property presents an opportunity for a passive investor seeking a credit-rated, corporate-backed asset in Louisiana. The asset is available as part of a portfolio of Family Dollar Stores or for individual purchase. Chauvin, Louisiana, part of the Houma-Bayou Cane-Thibodaux metropolitan statistical area, has a population of 2,837 residents. The town is characterized by Bayou Petit Calliou and the wetlands surrounding the town are abundant with fish, shrimp, and a variety of species of birds. Industries relating to offshore oil and gas production are important to the local economy. The property benefits from an attractive low price point and cap rate and a strong credit tenant.