Current Use by Public Records
- Retail properties & Spaces
Property Details for 15494 Us-171
- Year built
- 2024
- Lot size
- 1.94 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a brand-new, 10,500-square-foot Family Dollar and Dollar Tree combination store in Ragley, Louisiana. Built in 2024, the property sits on a 1.94-acre lot at the northwest corner of Hoffpauir and US Highway 171. The single-tenant, fee-simple property boasts a 10-year net lease (NN+) with a remaining term of 9.2 years, commencing January 17, 2024, and expiring January 31, 2034. The lease includes five, 5-year renewal options. The property enjoys 100% occupancy and generates a strong net operating income (NOI) of $115,500, resulting in an attractive 8.5% cap rate. The asking price is $1,358,823.53, translating to $129.41 per square foot. Located 23 miles north of Lake Charles, this strategically positioned store benefits from a convenient location and serves a population of approximately 4,300 in Ragley and 36,570 in Beauregard Parish. Family Dollar corporate has confirmed this location is not on any announced closure list. This is a rare opportunity to acquire a high-performing, newly constructed retail property with a long-term lease and significant upside potential. The property is offered individually, or as part of a larger portfolio including similar properties in Wisner and Leesville, Louisiana.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ragley
- County
- Beauregard Parish
- State
- Louisiana
- Longitude
- -93.2336
- Latitude
- 30.4834
