Property Listing No Longer Available for Sale

S State Street, Abbeville, LA

Retail for Sale - $1,322,000 - 8,320 Sq. Ft. on 0.98 acres

Property Info

  S State Street
  Abbeville LA 70510
UpdatedOctober 20th, 2016
Building8,320 Sq. Ft.
Land0.98 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.


>> 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


Sales Info:

>> Cap rate: 6.5%

>> NOI: $85956