Cap Rate: 6.50%
Building Size: 10,500
Lot Size: 1.02 AC
Year Built: 2021
The Kase Group is pleased to offer the opportunity to acquire the 100% fee simple interest in a net leased Family Dollar | Dollar Tree new concept store. This building is being built as the latest dual branded format store offering both Family Dollar/Dollar Tree merchandise. This 10,500 square foot hybrid store, in Franklinton, Louisiana has a 10-year lease which commences in September of 2021. The 100% fee simple interest in the underlying land and building is being offered. The tenant has six five-year options to renew with 5% increases in rent during the option periods.
Franklinton is a town in, and the parish seat of Washington Parish, Louisiana, United States. The population was 3,857 at the 2010 census. The elevation is an average of 155 feet (47 m) above sea level. Franklinton is located 61 miles (98 km) north of New Orleans.