Family Dollar/Dollar Tree Combo Store

1777 Hwy 121, Hineston, LA 71438

  • For Sale $1,450,000
  • Property Type Retail - Freestanding
  • Property Size 10,500 SF
  • Units 1
  • Lot Size 1.7 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 2024
  • Date Updated Nov 14, 2024
Located in Hineston, LA on Hwy. 121 in Rapides Parish.INVESTMENT OFFERING: Saurage Rotenberg is pleased to present this built to suit 10,500 SF Dollar Tree & Family Dollar Hybrid store located in Hineston, LA. The property is encumbered with a ten (10) year double net lease, leaving a minimal landlord responsibilities. The lease contains five (5) year options to renew, each with $0.50 PSF rent increase. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of "BBB-" which is classified as investment grade. This store is highly visible as it is strategically positioned in the heart of Hineston. The store is directly situated off Hwy. 121 which sees over 2,557 cars per day. The five mile population is 2,649 with a five mile average household income in excess of $70,596. This investment will offer a new owner success due to the financial strenth and the proven profitability of the tenant, one of the nation's top dollar stores. List price reflects a 7.25% cap rate based on NOI of $105,000. INVESTMENT SUMMARY: List Price: $1,450,000.00 Current NOI: $105,000.00 Initial Cap Rate: 7.25% Land Acreage: 1.70 Year Built: 2024 Building Size: 10,500 Price Per SF: $138.00 Lease Type: NN Lease Term: 10 Yr INVESTMENT HIGHLIGHTS: New Dual Tenant Concept | Brand New Lease Combo Stores See 20% Increase in Revenue 2,557 Traffic Count of Hwy. 121 10 Yr NN Lease Requiring Minimal Landlord Responsibilities Five- (5 Yr) Options | $0.50 Rental Rate Increase Investment Credit Tenant | Standard & Poor's: 'BBB-' Three Mile Average Household Income of $68,484 FINANCIAL INCOME SUMMARY: Rent: $105,000.00 (PSF: $10) Gross Income: $105,000.00 (PSF: $10) LEASE SUMMARY: Tenant: Dollar Tree/Family Dollar Lease Type: NN Primary Lease Term: 10 Yr Annual Rent: $105,000.00 Rent PSF: $10.00 Roof, Structure & Parking: Landlord Responsibility Taxes, Insurance & CAM: Tenant Responsibility Lease Start Date: 6/1/2024 Lease End Date: 5/31/2034 Lease Term Remaining: 10 yr Rent Bumps: In Options ($0.50 P/Ft) Renewal Options: 5- (5 Years) Lease Guarantor: Dollar Tree Corp Lease Guarantor Strength: BBB- Tenant Website: DollarTree.com TENANT HIGHLIGHTS: $22.5+ Billion Market Capital in 2020 Same Store Sales Increases 4.4% in 2019 Ranked #134 on Fortune 500 in 2020 Recently Opened its 15,200th store in the USA Boasts a staggering TTM revenue exceeding $24 billion DOLLAR TREE Dollar Tree, Inc. operates discount retail stores in the United States and Canada. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the ?xed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise. This segment operates under the Dollar Tree, Dollar Tree Canada, Deals, and Dollar Tree Deals brands, as well as 10 distribution centers in the United States and 2 in Canada, and a store support center in Chesapeake, Virginia. A Fortune 500 Company, Dollar Tree is headquartered in Chesapeake, Virginia and was founded in 1953. The name of the company Only $1.00 was changed to Dollar Tree Stores in 1993 and, shortly thereafter, in 1995, the company went public with a market value of $225 million. Today, Dollar Tree is a $20+ billion dollar company and a premier operator in its industry. Company: Dollar Tree Founded: 1986 Total Revenue: 22.25B Net Income: 1.714B Headquarters: Chesapeake, Virginia Website: www.DollarTree.com DTFD: Gross Sales: $22.25B DTRD: Store Count: 15,000+ DTFD: Guarantor: Dollar Tree DTFD: S&P BBB-
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • INVESTMENT OFFERING:

Contacts

broker

Saurage Rotenberg Commercial Real Estate

Location

Getting Around

  • Walk Score ®

    23/100 Car-Dependent
  • Bike Score ®

    19/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Hineston, LA
  • Zip Code 71438
  • Market Lafayette Lake Charles

Points of Interest

  • Chevron

    0.05 miles

  • Shell

    9.81 miles

Frequently Asked Questions

How much does Family Dollar/Dollar Tree Combo Store cost?

The space currently listed for sale at Family Dollar/Dollar Tree Combo Store asks for $1,450,000.

What is the total square footage of Family Dollar/Dollar Tree Combo Store?

Family Dollar/Dollar Tree Combo Store totals 10,500 square feet.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker

Saurage Rotenberg Commercial Real Estate