A prominent corner lot situated on the corner of Westbank Expressway and Louisiana Street in Westwego, LA, the subject property contains a 11,630 SF retail building anchored by a 9,180 Family Dollar, with an additional 2,450 SF retail space. Family Dollar has twenty-two (22) months remaining on the primary lease term. Family Dollar has indicated that they are interested in renewing the lease for the next five year term. The current ownership is working to execute the extension. There are six (6) , five (5) year renewal options with a rent increase of 10% at each renewal. Sales reports show strong and consistent revenue and are available upon request. It is offered for $1,750,000 which is an 8.96 Cap Rate.
Please contact Gordon McLeod at 504-717-3648 for more information.