Dollar Tree Retail Center

Price: $4,230,000
Sq. Ft.: 36,492
Cap Rate: 6.5%
Built: 1986

The subject property is a 36,492-square-foot, two-tenant retail center leased to Dollar Tree and La Morenita Meat Market located in Terrytown, Louisiana. Both Dollar Tree and La Morenita are long-term leases that include scheduled rent increases during. Dollar Tree has been a tenant in the center for 19 years and recently executed a 10-year lease extension, providing a total of 12 years remaining on the current term with no early termination option. This Dollar Tree store is ranked at the Top 99th percentile in the United States and is the top store in the state of Louisiana compared to other Dollar Tree locations (source: Placer Labs). La Morenita has occupied the center for 10 years, and currently has five years remaining on the term.  The building was constructed in 1986 and is situated on approximately 3.6 acres, which includes a small pad site for potential development.

  • 100% Occupied | 36,492-Square-Foot, Two-Tenant Retail Center
  • Anchored by Dollar Tree | 58% of the Gross Leasable Area | NNN Lease | Tenant Recently Exercised a 10-Year Extension, Providing 12 Years Remaining on the Current Term | No Early Termination Option
  • Dollar Tree at this Location is Ranked in the Top 99th Percentile in the United States and is the Top Store in the State of Louisiana, Compared to other Dollar Tree Stores (source: Placer Labs)
  • Building is Situated on Approximately 3.6 Acres | Includes a Small Pad Site for Potential Development
  • Located Near the Signalized, Hard Corner of Belle Chase Highway and Lapalco Boulevard/Behrman Highway
  • Cumulative Traffic Counts are Around 66,900 Vehicles per Day | Property is Easily Accessible from Multiple Ingress and Egress Points
  • Adjacent Building is is Currently being Developed into a CubeSmart Self Storage Facility with an Anticipated Opening Date of March 2023
  • Close Proximity to Numerous National and Regional Retailers
  • Directly Across the Street from Ochsner Medical Center – West Bank | Nationally Recognized Top 100 Hospital According to U.S. News and World Report
  • Extremely Dense Surrounding Area | Population Exceeds 191,145 Residents within a Five-Mile Radius
  • Approximately Six Miles from the City of New Orleans | Hosts more than 19 Million Visitors Annually | Traffic Drivers Include the French Quarters, Superdome, Casinos, Tulane and Loyola Universities, and New Orleans Naval Air Station Joint Reserve Base