1777 LA-121 Hineston, LA 71438
Built-to-suit store with a 10-year double net lease.
Type:Retail
Property size:
10,500 SFLot size:
1.70 AcresPrice / SF:
$138/SF- Added:
- Aug 12, 2022
- Days on Market:
- 1349
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 1777 LA-121
General Information
- Standard status
- Active
- Size
- 10,500 SF
- Lot size
- 1.70 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 Aug 12, 2022
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 built-to-suit 10,500 square foot Dollar Tree & Family Dollar hybrid store is located in Hineston, Louisiana. The property is subject to a ten-year double net lease, assigning minimal landlord responsibilities. The lease includes five, five-year options to renew, each with a $0.50 per square foot rent increase. The lease is corporately guaranteed by Dollar Tree Corporation, which holds a credit rating of "BBB-", classified as investment grade. The store is positioned in the heart of Hineston, directly off Highway 121, which sees over 2,557 cars per day. The five-mile population is 2,649 with an average household income exceeding $70,596. The property, built in 2024, sits on 1.70 acres. The lease, which commenced on June 1, 2024, and ends on May 31, 2034, generates an annual rent of $105,000. Tenant is responsible for taxes, insurance, and CAM, while the landlord maintains responsibility for the roof, structure, and parking. Dollar Tree, Inc. operates discount retail stores in the United States and Canada, with over 15,000 stores and a revenue exceeding $24 billion. The company is ranked #134 on Fortune 500 in 2020.
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Map
- City
- Hineston
- County
- Rapides
- State
- Louisiana
- Longitude
- -92.7964
- Latitude
- 31.0802
FAQs
What type of property is this?
Grocery and convenience store - Built-to-suit store with a 10-year double net lease.
Where is this grocery and convenience store located?
The property is located at 1777 LA-121 Hineston, LA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Corporately guaranteed lease by Dollar Tree Corporation with an investment‑grade credit rating of 'BBB-'.; **New 10,500 SF Dollar Tree & Family Dollar hybrid store** with a brand new 10‑year double net (NN) lease.; Strategically located in the heart of Hineston, LA, with high visibility directly off Hwy. 121.
