5100 La-56 Chauvin, LA 70344
- Retail properties
- 8,100 SF
- 0.94 lot acres
Current Use by Public Records
- Retail properties
Property Details for 5100 La-56
- Lot size
- 0.94 lot acres
- Property size
- 8,100 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a net-leased Family Dollar storefront in Chauvin, Louisiana. The 8,100-square-foot building, constructed in 1997, sits on a 0.94-acre lot and boasts a strong 7.49% cap rate, generating a net operating income (NOI) of $42,496. The property enjoys a prime location alongside USPS, Capital One Bank, and Coastal Commerce Bank, ensuring high visibility and foot traffic. Family Dollar, a credit-rated corporate tenant, holds a lease with approximately two years remaining, including two five-year renewal options with 5% rent increases each. The lease is a double-net (NN) agreement, with the landlord responsible for roof, structure, common area maintenance (CAM), exterior, and electrical/plumbing, as well as major repairs/replacements and HVAC repairs exceeding $500. Tenant covers taxes and insurance above the base year. Based on provided expenses, the landlord's CAM expenses totaled $1760, and maintenance expenses were $0. The asking price is $567,650, translating to $70.08 per square foot. This asset is part of a larger portfolio but can be purchased individually, making it an ideal addition to any passive investor's portfolio seeking a stable, corporate-backed Louisiana investment. The property's APN is 43037. The address is 5100 LA-56, Chauvin, LA 70344.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chauvin
- County
- Terrebonne Parish
- State
- Louisiana
- Longitude
- -90.587
- Latitude
- 29.4732
