S State Street, Abbeville, LA
Retail for Sale - $1,322,000 - 8,320 Sq. Ft. on 0.98 acres
Property Info
| CIMLS# | 901244 |
| Location S State Street Abbeville LA 70510 | |
| Updated | October 20th, 2016 |
| Type | Retail |
| Price | $1,322,000 |
| Building | 8,320 Sq. Ft. |
| Land | 0.98 acres |
Property Description
KW Net Lease Advisors are pleased to present for sale a newly constructed, corporate guaranteed, Absolute NNN Lease Family Dollar located in Abbeville, Louisiana. The tenant recently executed a brand new long-term 15-Year NNN Lease with a 10% increase in rent in year 11. The lease also comes with Six (6) 5-Year Options, showing their commitment to this location.
Location Description:
The Subject Property is located along on Louisiana Highway 82 (South State Street) in the heart of the city of Abbeville. With Traffic Counts of 7,800+ Vehicles/day in front of the subject property, the site is ideally positioned on the main North/South thoroughfare through the city.
Highlights:
>> Brand New 15 Year Absolute NNN Lease - Deliverable in November
>> 10% Increase in Year 11
>> 5-Mile Radius Population Over 21,870
>> Located in Underserved Neighborhood Area
>> Abbeville Has Population over 12,000 and is 20 Miles South of Lafayette
>> Traffic Counts Exceed 7,800 VPD | HH Income $52K+ Within 3 Miles
Financials
Sales Info:
>> Cap rate: 6.5%
>> NOI: $85956