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New Construction Dollar General Plus | Abs. Net Lease | Limited Competition | Cottonport, LA

131 Cottonport Ave, Cottonport, LA 71327

Listing Price: $1,700,000

Cap Rate
6.41%
Tenant Name
Dollar General Plus
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.24

Investment Overview

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

Investment Highlights

  • Brand New 2022 Construction | Build-to-Suit Dollar General Plus Relocation | Larger Format Store
  • Absolute Triple Net Lease | Tenant Pays 100% Taxes, Insurance & CAM Expenses
  • New 15-Year Lease | Opened in December 2022
  • Four, Five-Year Options with 10% Rental Increases | Potential for Long Term Passive Income
  • Strong Guarantee | Lease is Backed by Dollar General Corporation
  • Dollar General has 18,000+ Stores with Plans to Add 1,000+ Locations by 2025
  • In December 2021, Dollar General Announced Plans to Expand its Footprint Internationally
  • In November 2021, Dollar General Announced Plans to Partner with DoorDash

Exclusively Listed By

Financing By

Discount

New Construction Dollar General Plus | Abs. Net Lease | Limited Competition | Cottonport, LA

Listing Price: $1,700,000

Cap Rate
6.41%
Tenant Name
Dollar General Plus
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.24

Investment Highlights

  • Brand New 2022 Construction | Build-to-Suit Dollar General Plus Relocation | Larger Format Store
  • Absolute Triple Net Lease | Tenant Pays 100% Taxes, Insurance & CAM Expenses
  • New 15-Year Lease | Opened in December 2022
  • Four, Five-Year Options with 10% Rental Increases | Potential for Long Term Passive Income
  • Strong Guarantee | Lease is Backed by Dollar General Corporation
  • Dollar General has 18,000+ Stores with Plans to Add 1,000+ Locations by 2025
  • In December 2021, Dollar General Announced Plans to Expand its Footprint Internationally
  • In November 2021, Dollar General Announced Plans to Partner with DoorDash

Investment Overview

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

Exclusively Listed By

Financing By

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