3845 Elm St Choudrant, LA 71270

Property Details for 3845 Elm St

Year built

2024

Lot size

1.90 lot acres

Property size

10,531 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,531 square foot Family Dollar Tree retail building in Choudrant, Louisiana. Built in 2024, the property boasts a 10-year net lease (NN+) with a credit-rated corporate guarantor, ensuring consistent income. The lease includes four, five-year options with built-in rent bumps of $5,250 per option period ($0.50 PSF). The property sits on a 1.9-acre lot and benefits from a high-traffic location (40,700 VPD) and a strong demographic profile, including a 5-mile population of 85,772 residents with an average household income of $73,996. The property's strong location is further enhanced by its proximity to the new Ruston Sports Complex, Louisiana Tech University, Grambling State University, and Louisiana Delta Community College. The property generates a substantial net operating income (NOI) of $134,925, resulting in a compelling 7.85% cap rate. The tenant, Family Dollar Tree, is a highly reputable, investment-grade rated (BBB by S&P) national retailer with over 16,000 stores and $28.3 billion in revenue. This is a rare opportunity to acquire a stable, high-performing retail asset with significant long-term growth potential. The property is 100% occupied and offers minimal landlord responsibilities, as the tenant is responsible for HVAC, CAM, taxes, and insurance. The lease commenced May 18, 2024, and expires May 31, 2034, providing a remaining lease term of approximately 9.8 years. The asking price is $1,718,789.

Location Insight

City

Choudrant

County

Lincoln Parish

State

Louisiana

Longitude

-92.513

Latitude

32.5313