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Views: 112 DOM: 227 Updated: 09.05.24 Posted: 05.08.24 Status: Active

Summary

Price $1,728,000
Built/Renov 2024
Tenant Dollar General
Cap Rate 6.65%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,566
Lease Start 12-19-2023
#Units 19,986
Price/SF $163.54
Expiration 12-31-2038
Tenant Type Dollar/Discount
NOI $114,949
R. Term 14.0
Ownership Fee Simple
Rent/SF $10.88
Increases 5.0%/5/yrs
Pop 5Mi 1,582
Lot/AC 1.11
Options 5/5yrs/5%
AHHI 5Mi $75,379

Lease Highlights

  • Brand new 2024 construction
  • Dollar General has 14+ years remaining on the current lease term with 5 (5-year) options to extend
  • The lease features 5% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on Liberty Drive, with access to 4,200 vehicles passing by daily. The property is further enhanced as it is the only Dollar General within a 6.5-mile radius. Nearby amenities include DeRidder Junior High & High Schools, Beauregard Health System Hospital, and Beauregard Regional Airport. The 5-mile trade area is supported by a population of 1,582...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 238 920 1,550
2023 Total Population : 242 937 1,582
2023 Employed Civilian Pop : 100 397 698
2023 Total Businesses : 4 15 27
2023 Average Household Income : $ 64,520 $ 68,682 $ 75,379
2023 Total Consumer Spending : $ 5 M $ 23 M $ 42 M
2023 Median Age : 46 45 44
2023 Total Households : 94 376 639
2023 Pop Age 25+: Bachelor's Degree : 5 25 63
2023 Average Home Value : $ 123,611 $ 135,625 $ 155,734
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Ball PkRd 2022 4,540 0.70 mi
Jewel Cooley Road Jewell Cooley Rd 2022 1,825 1.13 mi
State Rte 111 April Rd 2011 1,494 1.39 mi
Murray Eaves Rd 2022 4,146 1.53 mi
State Route 111 Eli Field Rd 2022 586 2.17 mi
Joshlins Pit Road State Rte 111 2022 82 2.65 mi
State Route 111 Parish Rd 69 2022 1,355 2.67 mi
State Route 464 State Hwy111 2022 430 2.80 mi
State Route 111 Griff WayRd 2022 729 2.87 mi

Listing Broker

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