Family Dollar Investment Near Plaquemines LNG Plant

View Sale Brochure: https://buildout.com/sharing/Family-Dollar-Investment-Near-Plaquemines-LNG-Plant-28534-louisiana-23-port-sulphur-sale?file=4406011

28534 LA-23 in Port Sulphur, LA, is a ±7,489 SF freestanding retail building occupied by Family Dollar since 2007. Built in 2007 as a build-to-suit, the property has maintained the same national tenant for nearly 20 years.

Located along Highway 23, the primary highway serving lower Plaquemines Parish, the property is near Venture Global's $21 billion Plaquemines LNG export terminal, which brings significant industrial development and workforce traffic to the area.

Offered at $520,000 with a 10.00% cap rate, the property generates $51,975 in annual base rent ($6.94/SF). The current lease term ends June 30, 2028, with five 5-year automatic renewal options, featuring scheduled rent increases, reaching $79,719 annually by the final option period in 2048–2053.

Two additional Family Dollar locations are also available for purchase at 29445 S Frost Rd (occupied) and 10257 Hwy 22 (vacant).

• 10.00% Cap Rate
• National Tenant Occupied Since 2007
• LA-23 Location ±17 Miles From Plaquemines LNG Terminal
• Five 5-Year Renewal Options with Rent Increases