Family Dollar

Kinder is a small town in Allen Parish, Louisiana. Kinder was the birthplace of the late Mayor J. Rayburn Bertrand of Lafayette, who served from 1960 to 1972 and presided over the near doubling of the municipal population. Kinder is home to Coushatta Casino Resort, the largest casino resort in Louisiana. The resort includes Koasati Pines, an 18-hole par 72 championship layout golf course. In the Southern part of the parish, about three miles from the Calcasieu River, the small village of Kinder was founded in 1903. In the vicinity were Canadian descendants called Acadians, they settled east of here in the Opelousas Territory. They became known as "Cajuns”. They migrated in this direction and built small houses in the outlying area of the present site of Kinder. Their language was French and their religion almost entirely Roman Catholic. The people used wagons to travel over deep rutted trails for supplies in Welsh, or Lake Charles. When the Homestead Act passed large numbers of settlers from the east of the Mississippi moved into this part of Louisiana to file their claim. One of the first persons to take advantage of the Homestead Act was James A Kinder of Mississippi. Arrived July 9, 1889 and took a soldier's claim of 138.97 acres on what is now the site of Kinder.Fortis Net Lease is pleased to present this 9,180 SF. freestanding Family Dollar store located in Kinder, Louisiana. The property is encumbered with an Absolute NNN Lease, leaving zero landlord responsibilities. There are 5.75 years remaining on the primary term. The lease contains 4 (5 year) options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar Tree Stores, Inc. which holds a credit rating of “BBB-”, which is classified as Investment Grade. The store is currently open & operating successfully with rent having commenced in September 2015. This Family Dollar is highly visible as it is strategically positioned on 1st Avenue which sees 5,532 cars per day, just a short distance off of Highway 165 which sees 8,227 cars per day. It is also located only 5 miles from the largest casino resort in Louisiana, Coushatta Casino Resort. The ten mile population from the site is 8,564 while the three mile average household income is $57,309 per year, making this location ideal for a Family Dollar. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Family Dollar. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores. List price reflects a 7.00% cap rate based on NOI of $92,757.