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Dollar General

314 Highway 167 N, Bernice, LA 71222

Listing Price: $488,000

Cap Rate
7.50%
Tenant Name
Dollar General
Years Remaining On Lease
3.1
Guarantor
Corporate Guarantee
Rentable SF
8,000
Lease Type
Double Net
Rent Per Square Feet
$4.58

Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 314 Highway 167 North in Bernice, Louisiana. This investment opportunity is being offered at $488,000 which represents a 7.50 percent cap rate. The subject property is a 8,000 square foot build that completed construction in 2002 on a 0.94 acre parcel. This Dollar General was recently remodeled in April of 2022 to include additional product and upgrading interior fixtures. There are currently just over 3 years remaining on the current lease term with three, five year option periods which all include rental increases. This Dollar General has a double net lease agreement which gives the landlord responsibility for roof and structure. The tenant reimburses for insurance, taxes, and contributes $225 a month in common area maintenance. Dollar General also reimburses for minor repairs up to $500 per occurrence. Bernice, Louisiana is located in Union Parrish which is in north Louisiana and is less than twenty miles from the Arkansas border. This is the only Dollar General in town with it being the only one within an 18-mile radius. Bernice is part of the Monroe Metropolitan Statistical Area.

Investment Highlights

  • Double Net Lease With Just Over Three Years Remaining
  • Three, Five Year Option Periods Remaining - All Including A Rental Increase
  • Site Benefits From Being The Only Dollar General Within A 18 Mile Radius

Exclusively Listed By

Financing By

Discount

Dollar General

Listing Price: $488,000

Cap Rate
7.50%
Tenant Name
Dollar General
Years Remaining On Lease
3.1
Guarantor
Corporate Guarantee
Rentable SF
8,000
Lease Type
Double Net
Rent Per Square Feet
$4.58

Investment Highlights

  • Double Net Lease With Just Over Three Years Remaining
  • Three, Five Year Option Periods Remaining - All Including A Rental Increase
  • Site Benefits From Being The Only Dollar General Within A 18 Mile Radius

Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 314 Highway 167 North in Bernice, Louisiana. This investment opportunity is being offered at $488,000 which represents a 7.50 percent cap rate. The subject property is a 8,000 square foot build that completed construction in 2002 on a 0.94 acre parcel. This Dollar General was recently remodeled in April of 2022 to include additional product and upgrading interior fixtures. There are currently just over 3 years remaining on the current lease term with three, five year option periods which all include rental increases. This Dollar General has a double net lease agreement which gives the landlord responsibility for roof and structure. The tenant reimburses for insurance, taxes, and contributes $225 a month in common area maintenance. Dollar General also reimburses for minor repairs up to $500 per occurrence. Bernice, Louisiana is located in Union Parrish which is in north Louisiana and is less than twenty miles from the Arkansas border. This is the only Dollar General in town with it being the only one within an 18-mile radius. Bernice is part of the Monroe Metropolitan Statistical Area.

Exclusively Listed By

Financing By

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