504 Ee Wallace Blvd Ferriday, LA 71334

This exceptional investment opportunity presents a single-tenant, net-leased Family Dollar store located at 504 EE Wallace Boulevard, Ferriday, Louisiana, 71334. The property, built in 2010, encompasses 8,330 square feet on a 0.96-acre lot. Currently operating at 100% occupancy, the property boasts a strong 10% capitalization rate, generating a net operating income (NOI) of $79,056 annually. The asking price is $790,560, translating to $94.91 per square foot. The lease, a corporate-guaranteed net lease, has a remaining term of approximately 1.2 years, expiring January 31, 2026. Importantly, the lease includes five, 5-year renewal options with a 10% rent increase in each option period. The tenant, a credit-rated national chain, completed a significant remodel in 2021 at their expense. The property benefits from a favorable location on a main thoroughfare, experiencing over 12,000 vehicles per day, and serves a population of approximately 8,000 residents within a 5-mile radius. This presents a compelling investment opportunity with a strong tenant, high cap rate, and significant upside potential through lease renewals. The property's strong fundamentals and location make it an attractive addition to any portfolio.