Family Dollar

Family Dollar

9070 Kingston Road
Shreveport, LA

Price: $1,075,000
Cap: 7.86%
NOI: $84,540
Building Size: 9,180 SF
Lot Size: 1.52 AC

Investment Highlights

PRIMARY RETAIL LOCATION
• Located directly off of Hwy 526 (25,278 VPD) and surrounded by over 4.4M SF of retail in a 2 mile radius with national tenants including Lowe’s, Office Depot, and many more.
• Strategically positioned in a dense residential infill with a 5-mile population of over 101,791 people.
• Property is located 1 mile away from Willis-Knighton Medical Center, a 359,335 SF hospital complex.
• Positioned directly across the street from Kingston Village Apartments with 280 Units and less than 1 mile from Willis-Knighton South Hospital.
• Located 6 miles from Shreveport Regional Airport that sees over 683,000 passengers per year.

ATTRACTIVE LOW RENT/PRICE POINT DEAL
• Family Dollar is paying a low $84,540 ($9.21/SF) in rent which makes it unlikely the tenant will leave and equates to an attractive low price point.
• Family Dollar has been at this location for over 10 years and recently renewed a 5-year option.

SHREVEPORT, LA
• Shreveport is the 3rd largest city in Louisiana with a population of over 187,100 and is the commercial center of Ark-La-Tex, the area where Arkansas, Louisiana, and Texas meet.
• Shreveport is a major medical center in the region and state with LSU Health Sciences Center Shreveport, three acute care hospitals, a cancer center, and multiple research institutes.
• Home to over 14 schools and colleges including Louisiana State University that has over 30,300 students.
• Shreveport has two airports and holds multiple annual festivals that attract over 2.2 Million people per year contributing over $767 Million to the economy annually.
• Home to Barksdale Air Force Base with more than 15,000 active-duty military personnel.
• Known as the “Hollywood South” with the 3rd largest film industry in the U.S.

RECENTLY EXTENDED CORPORATE LEASE
• Family Dollar just exercised their first 5-year option period and rental increase in January 2020.
• There are five remaining 5-year option periods each with 10% rent increases.
• The Lease is NN with minimal landlord responsibilities.
• Tenant is responsible for Taxes, Insurance & HVAC and Landlord is responsible for roof & structure and parking lot.

INVESTMENT GRADE TENANT
• Dollar Tree/Family Dollar is a publicly traded (NYSE:FDO) Fortune 500 company with an S&P investment grade credit rating of BBB-.
• Dollar Tree/Family Dollar operate 15,000+ stores across 48 states and five Canadian provinces.
• Annual Revenues exceed $22 Billion.

Don McMinn
OFFERING MEMORANDUM

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