Investment Overview

The Hurd Net Lease Group with Marcus & Millichap is pleased to exclusively offer for sale the Dollar General located at 19064 Highway-90 East in Iowa, Louisiana. The subject property is a 9,026 square-foot building constructed in 2018. There are 7.3-years remaining on the lease term which expires on March 31st, 2033. Accompanied are four, five-year options, each with 10% rental increase. This triple net lease structure calls for tenant responsibilities of taxes, insurance, roof, structure, and parking-lot. There are no landlord responsibilities. This building is positioned just off the signalized intersection of Highway-90 East and LA-101 with a combined 6,500 vehicles traveling by daily. The site also benefits from its close proximity of just 1-mile to Interstate-10, a corridor spanning 2,460 miles across the country with nearby vehicle estimates upwards of 60,000 vehicles daily. Since 2010, population counts have been increasing, on average, 20% in the 1, 5, and 10-mile radii and continue to slightly increase through 2029. This area befits from its Lake Charles, LA MSA location with the city being just 20 minutes west and having a local population of over 80,000 residents.