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21286 Highway 26 - Dollar General, Jennings, LA

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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 70546. 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 New York Stock Exchange (NYSE: DG), which has an investment grade credit rating Standard & Poor’s (S&P BBB, Stable). The base rent is $84,000 and is subject to 10 percent rental escalations in each tenant renewal option. Tenant shall be entitled to extend the term of the Lease for three successive periods of five years each.

Dollar General Corporation has been delivering value to shoppers for over 75 years. Dollar General helps shoppers Save time. Save money. Every day!® by offering products that are frequently used and replenished, such as: food, snacks, health and beauty aids, cleaning supplies, clothing for the family, housewares and seasonal items at low everyday prices in convenient neighborhood locations. With 12,483 stores in 43 states as of January 29, 2016, Dollar General is among the largest discount retailers.

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

Alex Marietto
(212) 430-5182




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