Discount

Dollar General PLUS | Relocation Store

26713 State Rte 23, Port Sulphur, LA 70083

Listing Price: $1,644,000

Cap Rate
6.65%
Tenant Name
Dollar General
Years Remaining On Lease
11.2
Gross SF
10,566
Guarantor
Corporate Guarantee
Rentable SF
10,566
Price/Gross SF
$155.59
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.35

Investment Overview

The subject property is a 2017 construction Dollar General store located on LA Highway 23 in Port Sulphur, LA. This is a rare relocation store that is also a DG PLUS prototype building, at 10,566+/- square feet. This location was developed to serve as a bigger replacement store for the tenant, indicating such strong success in a nearby location that they decided to build this brand new and larger footprint store to accommodate the high level of business volume they experience in the area. Dollar General is signed to a 15-year NNN lease that will commence in March of 2017. The triple net (NNN) lease provides for Tenant to be responsible for property expenses including CAM, taxes, insurance, roof and HVAC. Three (3), Five (5) year renewal options follow the initial 15-year lease term. Rent is scheduled to increase by 10% at the beginning of each renewal.

Investment Highlights

  • RARE DG PLUS PROTOTYPE STORE | 10,556+/- SQUARE FEET
  • RARE RELOCATION STORE | INDICATION OF STRONG STORE SALES
  • 11+ YEARS REMAINING ON INITIAL 15-YEAR TERM
  • TRIPLE NET (NNN) LEASE | NO LANDLORD EXPENSES

Exclusively Listed By

  • Robby Pfeiffer

    Senior Vice President Investments

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

Broker of Record

  • Chris Shaheen

    Associate

    License(s): LA: BROK.0995692662-ACT

    Louisiana

Discount

Dollar General PLUS | Relocation Store

Listing Price: $1,644,000

Cap Rate
6.65%
Tenant Name
Dollar General
Years Remaining On Lease
11.2
Gross SF
10,566
Guarantor
Corporate Guarantee
Rentable SF
10,566
Price/Gross SF
$155.59
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.35

Investment Highlights

  • RARE DG PLUS PROTOTYPE STORE | 10,556+/- SQUARE FEET
  • RARE RELOCATION STORE | INDICATION OF STRONG STORE SALES
  • 11+ YEARS REMAINING ON INITIAL 15-YEAR TERM
  • TRIPLE NET (NNN) LEASE | NO LANDLORD EXPENSES

Investment Overview

The subject property is a 2017 construction Dollar General store located on LA Highway 23 in Port Sulphur, LA. This is a rare relocation store that is also a DG PLUS prototype building, at 10,566+/- square feet. This location was developed to serve as a bigger replacement store for the tenant, indicating such strong success in a nearby location that they decided to build this brand new and larger footprint store to accommodate the high level of business volume they experience in the area. Dollar General is signed to a 15-year NNN lease that will commence in March of 2017. The triple net (NNN) lease provides for Tenant to be responsible for property expenses including CAM, taxes, insurance, roof and HVAC. Three (3), Five (5) year renewal options follow the initial 15-year lease term. Rent is scheduled to increase by 10% at the beginning of each renewal.

Exclusively Listed By

  • Robby Pfeiffer

    Senior Vice President Investments

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

Broker of Record

  • Chris Shaheen

    Associate

    License(s): LA: BROK.0995692662-ACT

    Louisiana

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