Overview

Description

Fortis Net Lease is pleased to present this 9,180 SF. freestanding Family Dollar store located in Cameron, LA. The property is encumbered with an NN Lease, leaving limited landlord responsibilities. There 9 months remaining on the primary term the tenant has elected to not renew the lease, therefore the building will be vacant as of August 2023. The lease is corporately guaranteed by Dollar Tree Stores, Inc. which holds a credit rating of “BBB-”, which is classified as Investment Grade. the store is currently open with rent having commenced in 2003.

This Family Dollar is highly visible as it is strategically positioned on Cameron, LA which sees 3,551 cars per day. The ten mile population from the site is 1,022 while the three mile average household income is $41,071 per year. . List price reflects a 8.20% cap rate based on NOI of $57,310.

Cameron is a census-designated place (CDP) in and the parish seat of Cameron Parish, Louisiana, United States. It is part of the Lake Charles Metropolitan Statistical Area. 

Cameron is located in south-central Cameron Parish along the Gulf of Mexico at an elevation of 4 feet above sea level. State highways 27 and 82 pass through the community as Marshall Street, crossing the Calcasieu Ship Channel just west of town. Highway 82 leads east 93 miles to Abbeville and west 48 miles to Port Arthur, Texas. Highway 27 leads west then north 48 miles to Sulphur. Lake Charles is 52 miles to the north.

According to the United States Census Bureau, the CDP has a total area of 12.6 square miles, of which 11.4 square miles is land and 1.2 square miles, or 9.31%, is water.

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