Available $6,100,000 - Retail - Single Tenant
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