2405 Highway 93, Carencro, LA
Retail for Sale - $1,082,142 - 8,320 Sq. Ft. on 1 acres
Property Info
| CIMLS# | 924730 |
| Location 2405 Highway 93 Carencro LA 70520 | |
| Updated | March 27th, 2017 |
| Type | Retail |
| Price | $1,082,142 |
| Building | 8,320 Sq. Ft. |
| Land | 1 acres |
Property Description
KW Net Lease Advisors is pleased to offer for sale a Net Leased, Single Tenant, Corporately Guaranteed Family Dollar just outside of Lafayette, Louisiana in the town of Carencro. Family Dollar signed a 10-Year Lease in 2014 and has over 7 years remaining on the primary term. The lease also contains 6 (5) Year Options that each feature 10% Rental Increases, the next coming in 2024.
Location Description:
The subject property is ideally located at the intersection of 2 HWYs (93 & 98) with a combined daily traffic count over 15,000. The site also benefits from being centrally located near the entrance of a new residential development in a growing area just outside of Lafayette (10 miles). The building was constructed in 2013 and embraces the new prototype model that Family Dollar is currently building.
Highlights:
>> 2014 Built NN Leased Family Dollar
Financials
Sales Info:
>> Cap rate: 7.75%
>> NOI: $83866