Winn Dixie – Prairieville, LA

  • AirlineGround-2ed SMALL
  • AirlineDrone-3ed SMALL

  $6,300,000 - Retail - Single Tenant
Cap Rate:  6.75%Size:  7.18 AcresTerm:  10 Years Print

 Investment Offering & Highlights

  • Recently extended 10 year NNN lease
  • Absolute net lease with zero landlord responsibilities
  • Fixed rental increases every 3 years during extension
  • 20 year operating history at subject location
  • Large lot size with 338 on-site parking spaces
  • Total population of 30,219 with an average household income of approximately $121,281 within 3 miles of the property
  • Traffic counts of 44,579 vehicles per day via Airline Highway and in excess of 84,979 vehicles per day via Interstate 10

Property Description

Established free-standing absolute NNN Winn-Dixie with 10 years remaining on the lease and 5% rent increases. 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 30,219 with a average household income of $121,281.

  • Offering Memorandum

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Property Location