Family Dollar Netleased Investment

The town of Chauvin is located in southern Louisiana and is part of the Houma-Bayou Cane-Thibodaux metropolitan statistical area. With a population of 2,837 residents, Chauvin offers visitors a charming, rural atmosphere. Chauvin is highly characterized by Bayou Petit Calliou, which runs through the town. Set deep in the marshlands of Mississippi, the canals and bayous of Chauvin create a Venice-like setting that the area is known for. The wetlands surrounding the town are abundant with fish, shrimp, and a variety of species of birds. Hiking, paddling, fishing, and birdwatching are popular activities in the area. These nature-based activities along with industries relating to offshore oil and gas production are important to the local economy.The subject property is a net-leased corporate guaranteed Family Dollar located in Chauvin, Louisiana. Family Dollar has been at this location since the 8,100 SF building was built in 1997. The building is situated on approximately +/-.95 acres next to USPS, Capital One Bank, and Coastal Commerce Bank. Family Dollar has +/- 2 years remaining on the lease, the lease auto-renewed in December of 2018. The tenant has 2 x 5-year renewal options remaining with 5% rent increases per option. The property is double-net with the landlord responsible for the roof, structure, CAM, exterior, and electrical/plumbing. The landlord is responsible for major repairs/replacement and HVAC repairs greater than $500. The Tenant reimburses for the tax and insurance over the base year. Based on provided expenses, the Landlord spent $1760 on CAM, $0 on Maintenance. The property is being offered at a 7.5% cap rate and is an ideal opportunity for a passive investor looking for a credit-rated corporate-backed asset in the state of Louisiana. The asset is being sold as part of a portfolio of Family Dollar Stores or can be purchased separately.