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3845 Elm Street, Choudrant, LA, 71227

Family Dollar
$1,635,454

Key Information

Cap Rate
8.25%
Tot. SF
10,531
Year Built
2024
Term Remaining
±8.25 YRS
Type
Retail
NOI
$134,925

Highlights

  • Brand new 2024 construction for Family Dollar
  • 8.25 years remaining corporate lease with minimal landlord responsibilities
  • Tenant is responsible for HVAC, CAM, taxes, and insurance
  • 5-Mile population of 85,772 residents
  • Average household income of $73,996 annually
  • Traffic counts on I-20 exceed ±40,700 vehicles daily
  • $5,265 rental increases in each option period
  • Located near the brand new $47 million Ruston Sports Complex which sits on ±185 acres and sees roughly ±400,000 visitors annually
  • Nearby Universities include: Louisiana Tech University (12,400 students), Grambling State University (4,800 students), and Louisiana Delta Community College (3,800 students)
  • Choudrant is located ±24 miles west of Monroe and ±8 miles east of Ruston

TENANT

  • Family Dollar, a major national discount retailer with more than 8,000 stores across 48 states, has been acquired for roughly $1 billion by Brigade Capital Management, Macellum Capital Management, and Arkhouse Management Co.
  • Now operating as an independent company, Family Dollar benefits from both fresh capital and significant retail expertise. This backing is expected to accelerate store upgrades and drive operational improvements. With its proven value-focused model and strong presence in local communities, Family Dollar continues to serve as a resilient anchor tenant, positioned for sustained growth in the years ahead.

Photos

Location

Agents

Broker of Record

Donnie Jarreau

License # BROK.995704351-CORP (LA)
Jarreau Real Estate
16173 Perkins Road Baton Rouge, LA 70810