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.