Established Family Dollar Investment with Lease Through 2031

-8.25% Cap Rate Family Dollar has occupied the property since 2006, providing nearly 20 years of established tenancy. Current annual rent of $75,600 ($8.24/SF), with the lease term extending through June 2031. Four 5-year options that renew automatically unless Family Dollar cancels, each with a 10% increase: $83,160 in 2031, rising to $110,685 by 2046–2051. Priced at approximately $100/SF, near the estimated value of the building as a vacant property. Current rent of $8.24/SF is below recent Louisiana dollar-store lease rates of $10.77–$15.16/SF, presenting potential for future rental growth. Located 0.8 miles from I-12 along S Frost Rd (LA Hwy 63). Two additional Family Dollar locations are also available for purchase at 28534 Hwy 23 (occupied) and 10257 Hwy 22 (vacant).