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21286 Highway 26 - Dollar General, Jennings, LA

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DetailMap
21286 Highway 26 - Dollar General

Jennings, LA 70546-8533


Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2016
Building Size:9,026 SF Land Area:1.38 AC (60,113 SF)
For Sale Price:$1,226,277 Price/SF:$135.86
Cap Rate:6.85 %



Sale Notes:
Marcus & Millichap is pleased to present the exclusive listing for a Dollar General located at 21286 LA Highway 26 in Jennings, Louisiana. Built in 2016, the property consists of 9,026 square feet of building space and is situated on a 1.38-acre parcel.

This investment is subject to an absolute triple net (NNN) lease and has roughly the full term remaining on an original 15-year lease. This is a corporate location and is guaranteed by Dollar General corporate (NYSE: DG), which has an investment grade credit rating (S&P BBB, Stable). The base rent is $84,000 and is subject to 10 percent (10%) rental escalations in each tenant renewal option. Tenant shall be entitled to extend the term of the Lease for three (3) successive periods of five (5) years each.

This Dollar General is situated on LA Highway 26 about a half mile south of Pine Island Highway, also known as Route 102. The subject property has approximately 14,053 individuals residing within a five-mile radius of the property and over 24,130 individuals within a ten-mile radius. Jennings Airport and Interstate 10 are located approximately eight miles south. This Dollar General serves as the only general merchandise retailer for over 14,000 people in it' s five-mile radius.

Marcus & Millichap Inc
Glen Kunofsky
(212) 430-5100

Alex Marietto
(212) 430-5182




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