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Views: 88 Updated: 09.30.24 Posted: 07.15.24 Status: Inactive

Summary

Price $1,872,906
Built/Renov 2023
Tenant Dollar General
Cap Rate 6.40%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 09-01-2023
#Units 19,986
Price/SF $176.03
Expiration 08-31-2038
Tenant Type Dollar/Discount
NOI $119,866
R. Term 13.8
Ownership Fee Simple
Rent/SF $11.27
Increases 5.0%/4/yrs
Pop 5Mi 14,576
Lot/AC 1.50
Options 4/5yrs/5%
AHHI 5Mi $63,903

Lease Highlights

  • New 2023 construction
  • Dollar General has 14+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 5% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on S C C Dunson Street, with access to 7,542 vehicles passing by daily. The property is adjacent to the intersection of US Hwy 190, which sees 21,631 VPD, connecting the city of Eunice to major metropolitan areas including Beaumont, TX, to the west and Baton Rouge to the east. Additionally, it is near attractions such as the Cajun Music Hall of Fame and...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dollar General
  • Guarantor:Corp T and Rated
  • Company:Dollar General Corporation
  • # Units:19,986
  • Tenant S&P: BBB
  • Moody’s: Baa2
  • Stock:NYSE: DG

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of variety stores. The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning supplies,...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 5,738 11,689 14,295
2024 Total Population : 5,914 11,946 14,576
2024 Employed Civilian Pop : 2,499 4,884 6,093
2024 Total Businesses : 399 731 779
2024 Average Household Income : $ 53,654 $ 60,972 $ 63,903
2024 Total Consumer Spending : $ 121 M $ 264 M $ 335 M
2024 Median Age : 38 40 40
2024 Total Households : 2,501 4,838 5,859
2024 Pop Age 25+: Bachelor's Degree : 305 770 985
2024 Average Home Value : $ 170,521 $ 212,891 $ 229,698
*ESRI data is presented for informational purposes only

Listing Broker

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