Dollar General

5236 Old Marksville Highway, Pineville, LA 71360

$653,400

Cap Rate 8.00%

Views: 167 DOM: 368 Updated: 10.18.24 Posted: 12.20.23 Status: Active

Summary

Price $653,400	Built/Renov 2005	Tenant Dollar General
Cap Rate 8.00%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 9,014	Lease Start 06-01-2005	#Units 19,986
Price/SF $72.49	Expiration 05-31-2025	Tenant Type Dollar/Discount
NOI $52,272	R. Term 0.5	Ownership Fee Simple
Rent/SF $5.80	Increases 10.0%/2/yrs	Pop 5Mi 5,576
Lot/AC 2.16	Options 3/5yrs/10%	AHHI 5Mi $96,746

Michael Mintz

Horvath & Tremblay: IL

Contact

Lease Highlights

Dollar General has been operating in this location since 2005
Tenant has less than 1 year remaining on the current lease term with 3 (5-year) options to extend
Lease features 10% rental increase at the start of each option
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located along Old Marksville Highway (LA Route107), one of the area’s primary commercial and commuter corridors. The property boasts excellent visibility and frontage, with a pylon sign along LA Route 107. Positioned approximately 8.5-miles from downtown Pineville and 10.5-miles from downtown Alexandria, the area’s largest city, it serves as the primary shopping...

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Key Features

In location for years
Strategically located
Highway location
Affluent suburb location
Long operation history
Limited competition
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Dollar General Wikipedia Dollar General Wikipedia Pineville, Louisiana Zip Code 71360 Broker Site Page

Maps

Local Information

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...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	428	2,747	5,640
2023 Total Population :	425	2,734	5,674
2023 Employed Civilian Pop :	178	1,145	2,408
2023 Total Businesses :	10	49	85
2023 Average Household Income :	$ 79,516	$ 81,593	$ 89,662
2023 Total Consumer Spending :	$ 10 M	$ 72 M	$ 168 M
2023 Median Age :	40	40	40
2023 Total Households :	157	1,032	2,174
2023 Pop Age 25+: Bachelor's Degree :	32	201	454
2023 Average Home Value :	$ 283,741	$ 283,834	$ 291,998

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Old Marksville Highway	Petes Ln	2022	5,711	2.20 mi
Old Marksville Highway	Sasha Rd	2022	4,644	2.86 mi
LA0454	Old Marksville Hwy	2020	997	2.89 mi

Listing Broker

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