A Family Dollar store location just north of LSU has been sold to a group of local investors for $868,750.

WJ Central LLC purchased the store at 2975 Highland Road in a deal that was filed Wednesday with the East Baton Rouge Clerk of Court’s office. The seller was South Sherwood Square LLC, a local group of investors.

Kent Walker, manager of WJ Central, said the store was purchased as an investment. Plans are for it to remain as a Family Dollar.

“We liked the real estate,” Walker said, noting that the store is in a high-volume location.

The Family Dollar store is about 10 years old and recently exercised an option to renew the lease for five more years, Walker said. “We anticipate Family Dollar will take its second option to renew the lease in five years,” he said.

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