Winn-Dixie, Prairieville LA

  • Winn-Dixie
  • Winn-Dixie
  • Winn-Dixie
  • Winn-Dixie
  • Winn-Dixie
  • Winn-Dixie

Available $6,100,000 - Retail - Single Tenant
Cap Rate:  6.97%Size:  61,834 SFTerm:  7.5 Years Print

Investment Offering & Highlights

  • ​Winn Dixie extended the lease for 10 years NNN lease (7.5 years remaining)
  • ​Absolute net lease with zero landlord responsibilities
  • ​Fixed rental increases every 3 years
  • ​20 year operating history at subject location
  • ​Prairieville is one of Louisiana’s fastest growing suburbs
  • ​Large lot size with 338 on-site parking spaces
  • ​Total population of 31,400 with an average household income of approximately $125,939 within 3 miles of the property
  • ​Traffic counts of 44,579 vehicles per day via Airline Highway and in excess of 97,620 vehicles per day via Interstate 10

Property Description

Cushman & Wakefield Net Lease Group is pleased to offer a 61,834± square foot established free-standing Winn-Dixie with 7.5 years remaining on the lease and approximately 5% rent increases every 3 years throughout the primary lease term.​ The lease is absolute NNN with the tenant responsible for all taxes, insurance and maintenance including the roof, foundation, and structure.​ There are five, five-year options to renew with increased rents every five years.​ The property is well located on the corner of Airline Highway & Perkins Road, with over 44,000 vehicles per day.​ The surrounding area has strong demographics with a population of 31,400 with a average household income of $125,939.​

Please use the following link to access the full OM: https://www.crexi.com/properties/525322/louisiana-winn-dixie

  • Offering Memorandum

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Property Location