9447 Us-80 Simsboro, LA 71275
- Retail properties
- 8,320 SF
- 0.94 lot acres
Current Use by Public Records
- Retail properties
Property Details for 9447 Us-80
- Year built
- 2018
- Lot size
- 0.94 lot acres
- Property size
- 8,320 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
This fee-simple retail property in Simsboro, Louisiana, offers a compelling investment opportunity. The 8,320 square-foot Family Dollar store, built in 2018, sits on a 0.94-acre lot at 9447 US-80, boasting excellent visibility and access. The property operates under a net lease with a remaining term of 4.4 years, plus six 5-year options, with rent bumps of $0.50 per square foot at each option. The current lease commenced August 2, 2018, and expires March 31, 2029. The asking price is $940,000, representing a price per square foot of $112.98 and a 7.50% cap rate, based on a current Net Operating Income (NOI) of $70,500. The property benefits from its strategic location across from Simsboro School and proximity to Interstate 20, serving a strong demographic for dollar store retail. The 100% occupancy rate and the investment-grade parent company of the tenant contribute to the property's strong investment profile. The property's location in Lincoln Parish, Louisiana, zip code 71275, offers a stable and attractive market for this type of investment. This is a single-tenant, fee-simple ownership opportunity with limited landlord responsibilities.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Simsboro
- County
- Lincoln Parish
- State
- Louisiana
- Longitude
- -92.7861
- Latitude
- 32.5329
