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Discount

New Construction Dollar General Plus | New 15 Year Abs. Net Lease

Helms Rd, Lake Charles, LA 70607

Listing Price: $1,915,908

Cap Rate
5.50%
Tenant Name
Dollar General Plus
Years Remaining On Lease
14.6
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.90

Investment Overview

Marcus & Millichap is pleased to bring to market the brand new Dollar General Plus located in Lake Charles, LA.

Investment Highlights

  • Brand New 2022 Construction | Build-to-Suit Dollar General Plus | Larger Format Store
  • Absolute Triple Net Lease | Tenant Pays 100% Taxes, Insurance & CAM Expenses | New 15 Year Lease | Expected to Commence in July 2022
  • Four, Five-Year Options with 10% Rental Increases | Potential for Long Term Passive Income
  • Strong Guarantee | Lease is Backed by Dollar General Corporation
  • Lake Charles is a Major Industrial and Recreational Center in Southwest Louisiana (84,000+ Residents)
  • Limited Competition within the Market | Nearest Discount Store is within 5 miles South
  • Conveniently Located Off I-210 and within Proximity to Downtown Lake Charles
  • Located Less than 10 Minutes from Multiple Recreational Lake Areas

Exclusively Listed By

Discount

New Construction Dollar General Plus | New 15 Year Abs. Net Lease

Listing Price: $1,915,908

Cap Rate
5.50%
Tenant Name
Dollar General Plus
Years Remaining On Lease
14.6
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.90

Investment Highlights

  • Brand New 2022 Construction | Build-to-Suit Dollar General Plus | Larger Format Store
  • Absolute Triple Net Lease | Tenant Pays 100% Taxes, Insurance & CAM Expenses | New 15 Year Lease | Expected to Commence in July 2022
  • Four, Five-Year Options with 10% Rental Increases | Potential for Long Term Passive Income
  • Strong Guarantee | Lease is Backed by Dollar General Corporation
  • Lake Charles is a Major Industrial and Recreational Center in Southwest Louisiana (84,000+ Residents)
  • Limited Competition within the Market | Nearest Discount Store is within 5 miles South
  • Conveniently Located Off I-210 and within Proximity to Downtown Lake Charles
  • Located Less than 10 Minutes from Multiple Recreational Lake Areas

Investment Overview

Marcus & Millichap is pleased to bring to market the brand new Dollar General Plus located in Lake Charles, LA.

Exclusively Listed By

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