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Family Dollar, Boutte, LA

Family Dollar, Boutte, LA


Investment Summary

Price $1,900,000
Cap Rate
NOI
Lease Term 10 Years
Lease Type
Rental Increases
Year Built
Building Size 9,180 sq. ft.
Lot Size
Status Sold
Lead Brokers

Investment Highlights

SCHEDULED RENT INCREASES
• 10% rental increases every five years provide a hedge against inflation
• Leased to strong national tenant with corporate guarantee
• Tenant is rated B1 by Moody’s
BRAND NEW 2016 CONSTRUCTION
• Brand new building, limiting near-term deferred maintenance or
capital costs
LOCATED IN DENSE RETAIL CORRIDOR
• Adjacent to shopping center anchored by numerous national retailers,
including Marshalls, Aldi, and LA Fitness
• Located near 175,671 square foot center that includes tenants such as
Walmart, Walgreen’s, GameStop, GNC, and others
AFFLUENT NORTHWEST SUBURB OF CHICAGO
• Population of 122,825 & average household income of $87,138 within
3-mile radius
• 22 miles from downtown Chicago
INFILL LOCATION WITH RECENT DEVELOPMENT IN AREA
• Near the recently redeveloped, one million square foot Randhurst Village
• Randhurst Village is a mixed-use center than includes big box anchors,
Costco, Home Depot, Chipotle, and many other national tenants

Property Description

SOLD

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