Dollar Tree/Family Dollar Hybrid
For Sale
Contact for pricing
24416 U.S Hwy 190, Krotz Springs, LA 70750
New 10,500 SF Dollar Tree/Family Dollar in Krotz Springs.
Property Size10,500 SF
Lot Size1.47 Acres
Price / SF$124.14
Days on Market1321
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
Zoning
C
Occupancy
100%
Lease Type
NN
Building Details
Year Built
2024
Year Renovated
2024
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Saurage Rotenberg Commercial Real Estate
Listed By:
Mike Stinson, CCIM · License #LA SALE.0000071948-ACT
Source:
Crexi
Added: Jan 10, 2023
Changed: Aug 18
Last Checked: Aug 20 at 10:02PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$101,937
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,038,740
$2.0M
Cap Rate 7%
$1,456,243
$1.5M
Cap Rate 9%
$1,132,633
$1.1M
Market Conditions
NOI Build-Up for 10,500 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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 authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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 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.
