506 Main St Cankton, LA 70584-5922

This exceptional investment opportunity presents a 8,320-square-foot retail property located at 506 Main St, Cankton, LA 70584, featuring a Dollar Tree store under a triple-net (NNN) lease. The property boasts a 6.25% cap rate and a substantial net operating income (NOI) of $67,946. Built in 2016, this single-tenant building sits on a 0.97-acre lot and enjoys 100% occupancy. The lease, commencing April 6, 2016, has a remaining term of 6.9 years, extending to September 29, 2031. The lease includes significant rent bumps of 10% in year 11 and at each option renewal. The tenant, Dollar Tree, Inc., is a Fortune 200 company with a strong credit rating (BBB/Stable from Standard & Poors) and a substantial annual revenue. This investment offers a secure, long-term lease with a financially stable corporate guarantor, making it an attractive addition to any portfolio. The property's price per square foot is $130.65, and the lease includes six, five-year renewal options. This is a rare opportunity to acquire a high-performing, well-located retail asset with a proven track record. The property is situated in St. Landry Parish, Louisiana.