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| Price $1,402,304 | Built/Renov 2020 | Tenant Dollar General |
| Cap Rate 6.25% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
9,014
| Lease Start
03-01-2020
| #Units
19,294
|
| Price/SF $155.57 | Expiration
03-31-2035
| Tenant Type Dollar/Discount |
| NOI $87,644 | R. Term 10.4 | Ownership Fee Simple |
| Rent/SF
$9.72
| Increases 10.0%/13/yrs | Pop 5Mi 1,638 |
| Lot/AC 0.92 | Options 4/5yrs/10% | AHHI 5Mi $65,149 |
| | |
Dollar General is located along LA-117/Pine Street a major thoroughfare in Provencal Louisiana. The site plays a pivotal role as the primary source of goods for the immediate population. The next closest Dollar General is nearly 2 miles away. The subject property is less than 1 mile from Provencal Elementary & Junior High School (490 students) and 15 minutes from Northwestern State University...
...Major thoroughfare
Strategically located
University college close
Absolute NNN
Long 10+ yr lease
Limited competition
Traded and rated company
Over 2000 units backed
Corporate Guarantee
Investment grade tenant
Dollar General Corporation (NYSE: DG) is an American chain of variety stores. As of 2023, Dollar General operates more than 19,200 stores in 47 states and Mexico. The stores deliver everyday low...
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Cap Rate 7.25%
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Cap Rate 7.25%
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
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