2050 FALSE RIVER DR New Roads LA 70760-2610

2050 False River New Roads, LA is a former Walmart that has been redeveloped into a multi-tenant use, with Tractor Supply leasing over 20,000 square feet, providing a solid foundation for continued development. Currently, there is 35,155 SF of vacant space available for lease. The property is easily accessible from False River Road and offers ample parking, including a truck well-loading dock. The vacant space can be subdivided to suit tenants' needs and offers potential for a variety of uses, including retail, recreation, or storage space. The site also includes a pad site opportunity for a restaurant, car wash, or medical/professional services. The rear acreage could be also used for storage facilities.

Tractor supply company leased for 10 years from March 2014 to March 2024. They opted to renew in 2021 through 2034. The annual rent is $99,000 with a 5% increase in year 9. The lease is net with the tenant responsible for taxes, insurance, and maintenance and the landlord responsible for the roof, structure, and parking lot repair and replacement. Landlord also must keep liability insurance over and above the tenant’s insurance. There are four 5-year options to renew with the same 5% rental increase at the start of each option.

• Equine, pet, and small animal products including everything necessary for their health, care, growth, and containment
  
• Maintenance products for agricultural and rural use
• Hardware and seasonal products including lawn and garden power equipment
• Truck, towing, and tool products
• Work/recreational clothing and footwear for the entire family
• Maintenance products for agricultural and rural use
• Home décor, candy, snack food, and toys

• Investment Property
• 55,597 Total Sf
• Tractor Supply Co. Currently Leasing 20,442 Sf
• Out Parcel Possibilities
• 350 Ft. Frontage On False River Drive
• Zoned C-2
• Former Walmart