Lauren Parc

The Dowd Companies is pleased to offer for sale the fee simple interest (land & building) in Lauren Parc, a Wal-Mart Supercenter shadow anchored multi-tenant strip center which is located on a major commercial corridor in Abbeville, Louisiana.​ The Center was completed in two phases in 2014 and 2015 and has 10 tenants: Dollar Tree, Hibbett Sports, Factory Connection, Anytime Fitness, Hulin Health, Precision Rehab, Tokyo Sushi and AT&T.​ The leases feature favorable rental increases which generate steady NOI growth and hedge against inflation.​ The center is located in a thriving commercial corridor along Veterans Memorial Drive (18,373 VPD) with pylon signage.​ Additionally, the site benefits from over 54,883 residents with an average household income of approximately $86,006 and over 13,253 daytime employees within 5 miles of the subject property.​ In addition to increasing rental income, there is the ability to develop the additional included 23,960 square foot outparcel.​

STRONG NATIONAL CREDIT ANCHOR TENANTS | OPTIONS TO EXTEND| SCHEDULED RENTAL INCREASES | SHADOW ANCHORED TO WAL-MART SUPERCENTER

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  Anchor Tenant - Dollar Tree Stores, Inc. - corporate guaranteed lease

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  Shadow-anchored to a Walmart Supercenter

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  Dollar Tree Stores, Inc. (Nasdq: DLTR; S&P: BBB)

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  At the end of fiscal year 2018, Dollar Tree Stores, Inc. reported Revenue

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  in excess of $22.6 billion

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  Dollar Tree in second term of Lease

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  Lease features rental increases every 5 years at the beginning of each option period

MULTI-TENANT | FEE SIMPLE OWNERSHIP | 9 TENANTS | UPSIDE THROUGH INCREASING RENTS | LEASE UP OF INLINE VACANCY

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  Internet Resistant Uses Provide a Low Risk Rent Roll

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  Few Landlord Responsibilities

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  Easy to Manage Property

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  Scheduled Rent Increases

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  Reasonable Rents that can be Increased Over Time

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  Offered well below replacement cost

LOCAL MAIN RETAIL CORRIDOR W/ NATIONAL/CREDIT TENANTS

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  The subject property is Located on Veterans Memorial Drive, the main Retail Corridor in the City

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  Over 18,000 Vehicles Passing the Site Per Day

SOLID LOCAL DEMOGRAPHICS IN THE TRADE AREA

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  54,883 residents and 13,253 employees support the 10-mile trade area

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  Residents within 10-miles of the site boast a healthy average household income of $86,006

POTENTIAL OUTPARCEL DEVELOPMENT

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  Potential future development of 23,960 SF out-parcel