Property Listing No Longer Available for Sale

2405 Highway 93, Carencro, LA

Retail for Sale - $1,082,142 - 8,320 Sq. Ft. on 1 acres

Property Info

  2405 Highway 93
  Carencro LA 70520
UpdatedMarch 27th, 2017
Building8,320 Sq. Ft.
Land1 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.


>> 2014 Built NN Leased Family Dollar


Sales Info:

>> Cap rate: 7.75%

>> NOI: $83866