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3023 Main Street - Dollar General, Hessmer, LA

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3023 Main Street - Dollar General

Hessmer, LA 71341-4053

(1.1 MB)

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:-
Building Size:10,566 SF Land Area:1.5 AC (65,340 SF)
For Sale Price:$1,383,000 Price/SF:$130.89
Cap Rate:6.70 %
Portfolio:This property is for sale (for $8,310,500) as part of a portfolio of 7 properties.
Features:Pylon Sign

Sale Notes:
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Dollar General property located in Hessmer,
LA. Hessmer is located in central Louisiana approximately thirty miles south of Alexandria and eighty miles northwest of Baton
Rouge. This Dollar General property is a relocation of a previously successful store. The Dollar General was constructed in
2015. There are approximately fourteen years remaining on the Dollar General lease which expires on July 31, 2030. The lease
features a 3% rental escalation in lease year 11 and 10% rental escalations in each of the three 5-year renewal option periods. This
absolute triple net lease features no landlord responsibilities.
The 10,566 square foot Dollar General building is strategically located along Main Street which is the primary thoroughfare in
the trade area. The property is located approximately seven miles south of the Paragon Casino Resort. This Native American
Casino features over 500 hotel rooms, an indoor tropical pool with swim-up bar, full-service spa, three-screen cinema, fabulous
dining choices, retail shops, championship golf course and live entertainment in addition to the slot machines and gaming tables.
Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB. On October 15, 2015, Standard
& Poor’s upgraded Dollar General from BBB- to BBB. Dollar General is publicly traded on the New York Stock Exchange (DG)
with a market capitalization in excess of $26 billion. As of March 23, 2016, Dollar General operated 12,483 stores located in 43

• Investment grade rated tenant (S&P: BBB)
• Long term lease with approximately 14 years remaining
• 3% rental escalation in lease year 11 and 10% rental escalations in each renewal option period
• Absolute triple net lease with no landlord responsibilities
• New construction (2015)
• Relocation of a previously successful store
• Positioned along the area’s primary thoroughfare
• Seven miles south of the Paragon Casino Resort which is a 500+ room Native American casino and hotel

The Boulder Group
Randy Blankstein
(847) 562-0003

Jimmy Goodman
(847) 562-8500

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