12032 Highway 4, Chatham, LA
Retail for Sale - $705,714 - 8,000 Sq. Ft. on 0.65 acres
Property Info
| CIMLS# | 134694 |
| Location 12032 Highway 4 Chatham LA 71226 | |
| Updated | July 21st, 2011 |
| Type | Retail |
| Price | $705,714 |
| Building | 8,000 Sq. Ft. |
| Land | 0.65 acres |
Property Description
ABOUT THE OFFERING: Bull Realty is pleased to offer this Family Dollar store built in 2010 on a corner parcel of approximately 0.65 acres. The 10-year NN lease is corporate guaranteed by Family Dollar and includes six 5-year options with 10% increases in each option period. This is an ideal investment for an investor looking for minimal landlord responsibilities and a proven retailer track record. The initial NOI is $61,750 annually.
ABOUT THE AREA: Chatham, located in Jackson County, is approximately 20 miles south of Interstate 20 and 90 miles east of Shreveport. Fishing abounds in the area with Chatham Lake at the town
Financials
Cap Rate: 8.75%
