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Relocation Dollar General | Near New Orleans | 15 Yr NNN Lease

1013 S Alex Plaisance Blvd, Golden Meadow, LA 70357

Listing Price: $2,171,000

Cap Rate
6.85%
Tenant Name
Dollar General
Years Remaining On Lease
14.7
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$13.97

Investment Overview

2023 RELOCATION DOLLAR GENERAL
• New 10,640 SF Dollar General located in Golden Meadow, LA
• This Dollar General is a relocation and expansion of an existing store in this area which shows their commitment and confidence in the Golden Meadow Market.
• The store opened, and rent commenced in October 2023.

NEAR NEW ORLEANS | MOST POPULOUS CITY IN LA
• Golden Meadow is located about 1.5 hours south of downtown New Orleans on the coast of Louisiana.
• New Orleans is the most populous city in the state and is the 3rd most populous city in the deep south.
• Serving as a major port, New Orleans is considered an economic and commercial hub for the broader Gulf Coast region
• New Orleans operates one of the world’s largest and busiest ports that generates $100 million in revenue annually.
• Home to multiple professional sports teams including the NFL’s New Orleans Saints who generate over $530 Million in revenue each year.
• There are 7 universities located in New Orleans including Tulane University (14,472 Students), University of New Orleans (8,231 Students), and Dillard University (1,301 Students).

GOLDEN MEADOW
• Golden Meadow is located in the southeast corner of LA about 20 minutes from the coast.
• The towns main source of revenue is the oil and gas industry, but the fishing and seafood industries also have strong economic impacts.
• LA southernmost port, Port Fourchon, is located only 20 minutes south of this Dollar General. Port Fourchon currently services over 90% of the Gulf of Mexico’s deepwater oil production
• South Lafourche Airport supports 38K aircraft operations per year and is only 7 miles from this Dollar General.

NEW 15-YEAR CORPORATE NNN LEASE
• Brand new 15-year corporate guaranteed NNN Lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure.
• There are 10% rent increases in each of the Three, 5-year option periods

INVESTMENT GRADE TENANT
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 19,400 locations and expanding by 1,050 stores each year.
• Dollar General has been in business for 83 years and has a current net worth of over $54.4 billion

Investment Highlights

  • 2023 RELOCATION DOLLAR GENERAL
  • 15 YEAR CORPORATE NNN LEASE
  • NEAR NEW ORLEANS | MOST POPULOUS CITY IN LA
  • OCTOBER 2023 RENT COMMENCEMENT
  • INVESTMENT GRADE TENANT | 19,400 LOCATIONS

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Relocation Dollar General | Near New Orleans | 15 Yr NNN Lease

Listing Price: $2,171,000

Cap Rate
6.85%
Tenant Name
Dollar General
Years Remaining On Lease
14.7
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$13.97

Investment Highlights

  • 2023 RELOCATION DOLLAR GENERAL
  • 15 YEAR CORPORATE NNN LEASE
  • NEAR NEW ORLEANS | MOST POPULOUS CITY IN LA
  • OCTOBER 2023 RENT COMMENCEMENT
  • INVESTMENT GRADE TENANT | 19,400 LOCATIONS

Investment Overview

2023 RELOCATION DOLLAR GENERAL • New 10,640 SF Dollar General located in Golden Meadow, LA • This Dollar General is a relocation and expansion of an existing store in this area which shows their commitment and confidence in the Golden Meadow Market. • The store opened, and rent commenced in October 2023. NEAR NEW ORLEANS | MOST POPULOUS CITY IN LA • Golden Meadow is located about 1.5 hours south of downtown New Orleans on the coast of Louisiana. • New Orleans is the most populous city in the state and is the 3rd most populous city in the deep south. • Serving as a major port, New Orleans is considered an economic and commercial hub for the broader Gulf Coast region • New Orleans operates one of the world’s largest and busiest ports that generates $100 million in revenue annually. • Home to multiple professional sports teams including the NFL’s New Orleans Saints who generate over $530 Million in revenue each year. • There are 7 universities located in New Orleans including Tulane University (14,472 Students), University of New Orleans (8,231 Students), and Dillard University (1,301 Students). GOLDEN MEADOW • Golden Meadow is located in the southeast corner of LA about 20 minutes from the coast. • The towns main source of revenue is the oil and gas industry, but the fishing and seafood industries also have strong economic impacts. • LA southernmost port, Port Fourchon, is located only 20 minutes south of this Dollar General. Port Fourchon currently services over 90% of the Gulf of Mexico’s deepwater oil production • South Lafourche Airport supports 38K aircraft operations per year and is only 7 miles from this Dollar General. NEW 15-YEAR CORPORATE NNN LEASE • Brand new 15-year corporate guaranteed NNN Lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure. • There are 10% rent increases in each of the Three, 5-year option periods INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 19,400 locations and expanding by 1,050 stores each year. • Dollar General has been in business for 83 years and has a current net worth of over $54.4 billion

Exclusively Listed By

Financing By

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