9447 US 80 | Simsboro, LA 71275
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9447 US 80
Simsboro, LA 71275
Family Dollar · Retail Property For Sale
Investment Highlights
- Bite-Sized Deal
- Excellent Access and Visibility Along Primary Thruway
- Proximity to Interstate 20
- Best-in-Class Tenant with Investment Grade Parent
- Below Market Rent in Low Vacancy Rate Market
- Ideal Dollar Store Demographics
Executive Summary
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Family Dollar located in Simsboro, LA (“The Property”). The Property consists of a 8,320 square foot freestanding retail building, on a 0.94-acre parcel of land. Family Dollar is operating under a NN lease with limited landlord responsibilities, offering a passive income investment asset. See Lease Abstract for full details.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,320 SF
Building Class
B
Year Built
2018
Price
$940,000
Price Per SF
$113
Cap Rate
7.50%
NOI
$70,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.94 AC
Zoning
C
Frontage
199 FT on U.S. 80
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $62,507 | |
| Land Assessment | $7,992 | Total Assessment | $70,499 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$7,992
Improvements Assessment
$62,507
Total Assessment
$70,499
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