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    24416 Hwy Krotz Springs, LA 70750

    For Sale
    $1,303,450

    10,500 SF Dollar Tree/Family Dollar, 7.25% Cap Rate

    Property size:
    10,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional investment opportunity presents a brand-new, 10,500-square-foot, single-tenant retail building in Krotz Springs, Louisiana. The property is a combined Dollar Tree and Family Dollar store, operating under a 10-year, double-net (NN) lease commencing April 1, 2024, and expiring March 31, 2034. The lease includes four five-year renewal options, each with a $0.50 per square foot rent increase. The tenant, Dollar Tree Corporation, holds a BBB- investment-grade credit rating, providing significant financial security. Located on US Highway 190, the property benefits from high visibility and significant daily traffic (13,648 vehicles per day). The strong demographics of the area, with a five-mile population of 2,590 and an average household income exceeding $68,484, further enhance the investment's appeal. The property sits on a 1.47-acre lot and was built in 2024. The asking price is $1,303,450, representing a 7.25% cap rate based on a net operating income (NOI) of $94,500. Landlord responsibilities are minimal under the NN lease structure. This is a rare opportunity to acquire a high-performing retail asset with a strong tenant and favorable lease terms in a desirable location. The property is zoned C and features one single-story building.

    Property Features for 24416 Hwy

    General Information

    Property type
    Lifestyle centers
    Square Feet
    10,500 SF
    Lot Size
    64,033 SF

    Building Details

    Year Built/Renovated
    2024/2024
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Investment offering: 10,500 SF Dollar Tree/Family Dollar combo store in Krotz Springs, LA.
    • 10‑year, double‑net (NN) lease with five 5‑year renewal options, each with a $0.50/SF rent increase.
    • Corporately guaranteed by Dollar Tree Corporation (BBB- investment grade credit rating).
    • High‑visibility location on Hwy 190 (13,648 VPD), strong demographics (5‑mile population 2,590, average household income over $68,484).
    • $1,303,450 asking price ($124/SF), 7.25% cap rate based on $94,500 NOI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Krotz Springs
    County
    St Landry Parish
    State
    Louisiana
    Longitude
    -91.7613739
    Latitude
    30.5405676

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      721.5 Acre Tract in Krotz

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    FAQs

    What type of property is this?
    Lifestyle center - 10,500 SF Dollar Tree/Family Dollar, 7.25% Cap Rate
    Where is this lifestyle center located?
    The property is located at 24416 Hwy 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: Investment offering: 10,500 SF Dollar Tree/Family Dollar combo store in Krotz Springs, LA.; 10-year, double-net (NN) lease with five 5-year renewal options, each with a $0.50/SF rent increase.; Corporately guaranteed by Dollar Tree Corporation (BBB- investment grade credit rating).
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    Krotz Springs, LA 70750
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    24416 Hwy Krotz Springs, LA 70750
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