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:
- 1197
- Last Refresh:
- Mar 17 at 1:15 pm
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 agent Mike Stinson, CCIM License #LA SALE.0000071948-ACT
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
Overview
Dollar Tree/Family Dollar Hybrid Store
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.
Property Profile
Insight Report
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.
