1719 PITKIN RD Leesville LA 71446

PRICE REDUCTION! NOW OFFERED AT $1,482,352.94 / 8.5% CAP!

Transwestern National Net Lease I Sale Leaseback Group is pleased to present a 2024 newly constructed 10,500 square foot building leased to Dollar Tree in Leesville, Louisiana. Dollar Tree has a new, ten (10) year lease which commenced May 2024 with a rent commencement of August 2024 and a lease expiration date of August 31, 2034.

Leesville, Louisiana, located in Vernon Parish, is twenty-one miles north of DeRidder (population 9,624) along US Highway 171. The population of Vernon Parish is 47,247 and Leesville’s population is 5,501. The closest Dollar Tree is ten miles away, the closest Family Dollar and Dollar General are twelve miles away assuring virtually no nearby dollar store competition. As the parish seat, Leesville is bordered to the west by the Sabine River. The parish was founded in 1871 during the Reconstruction era.

Dollar Tree, Inc. (NASDAQ: DLTR) is an investment grade (S&P: BBB) tenant with 2023 fiscal year sales of $30.6 billion. Dollar Tree's gross profit was $9.3 billion with a gross margin of 31.5%. Net income for 2023 was $1.615 billion. Dollar Tree operates more than 16,000 stores across 48 states and five Canadian provinces.

Dollar Tree is headquartered in Chesapeake, Virginia.

This property can also be purchased individually or with a newly expanded Family Dollar Tree combination store in Wisner, Louisiana and/or a brand new, 2023 constructed Family Dollar Tree in Ragley, Louisiana. Click below for those two property listings:

FDT, Wisner, LA: https://www.crexi.com/properties/883202/louisiana-family-dollar-tree-combination-stores--4-property-portfolio

FDT, Ragley, LA: https://www.crexi.com/properties/1504738/louisiana-family-dollar-tree-combination-store-ragley-louisiana

Please note: Photos are representative images only and not of the actual property.

• Price reduced to $1,482,352.94 / 8.5% CAP!

• Brand new 2024 ground-up construction leased to Dollar Tree, Inc.

• Building size is approximately 10,500 square feet

• Tenant has executed a new, ten (10) year lease that runs through August 31, 2034

• Annual NOI of $126,000 equates to an affordable rental rate of just $12.00 per square foot

• Five (5), five (5)-year renewal options with $0.50 per square foot increases each