Discount
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.
New Construction Dollar General Plus | Abs. Net Lease | Limited Competition | 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
