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Dollar General

5240 LA-107, Pineville, LA 71360

Listing Price: $633,600

Cap Rate
8.25%
Tenant Name
Dollar General
Years Remaining On Lease
4.70
Gross SF
9,014
Guarantor
Corporate Guarantee
Rentable SF
9,014
Price/Gross SF
$70.29
Lease Type
Double Net
Rent Per Square Feet
$5.80

Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 5240 State Route 107 in Pineville, Louisiana. The investment is being offered at $633,600 which represents an 8.25% cap rate.

This store was built in 2005 and had an original 10 year lease. There have been two lease extensions and there are 4.8 years left on the current lease term with three, five year additional options remaining, all with 10% rental increases. The NN lease limits landlord responsibilities to roof, structure and parking lot with the landlord handling any minor repair up to $750 per occurrence. The tenant contributes $272 per month towards CAM.

The property is located on a large 2.1 acre parcel on a highway that sees more than 4,800 vehicles per day. There are more than 71,000 people within ten miles and the median household income within a five mile radius is more than $81,000 per year.

Positioned less than five miles from Alexandria and 18 miles from Alexandria International Airport, the location benefits from the heavy population counts and other strong market factors provided by the Alexandria MSA.

Investment Highlights

  • NN Lease with 4.8 years remaining
  • 9,014 square foot built to suit prototype
  • Concrete Parking Lot

Exclusively Listed By

Listing Price: $633,600

Cap Rate
8.25%
Tenant Name
Dollar General
Years Remaining On Lease
4.70
Gross SF
9,014
Guarantor
Corporate Guarantee
Rentable SF
9,014
Price/Gross SF
$70.29
Lease Type
Double Net
Rent Per Square Feet
$5.80

Investment Highlights

  • NN Lease with 4.8 years remaining
  • 9,014 square foot built to suit prototype
  • Concrete Parking Lot

Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 5240 State Route 107 in Pineville, Louisiana. The investment is being offered at $633,600 which represents an 8.25% cap rate.

This store was built in 2005 and had an original 10 year lease. There have been two lease extensions and there are 4.8 years left on the current lease term with three, five year additional options remaining, all with 10% rental increases. The NN lease limits landlord responsibilities to roof, structure and parking lot with the landlord handling any minor repair up to $750 per occurrence. The tenant contributes $272 per month towards CAM.

The property is located on a large 2.1 acre parcel on a highway that sees more than 4,800 vehicles per day. There are more than 71,000 people within ten miles and the median household income within a five mile radius is more than $81,000 per year.

Positioned less than five miles from Alexandria and 18 miles from Alexandria International Airport, the location benefits from the heavy population counts and other strong market factors provided by the Alexandria MSA.

Exclusively Listed By

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