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4625 Highway 1 - Dollar General, Napoleonville, LA

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4625 Highway 1 - Dollar General

Napoleonville, LA 70390-8516

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2008
Building Size:9,014 SF Land Area:1.5 AC (65,453 SF)
For Sale Price:$950,000 Price/SF:$105.39
Cap Rate:8.30 %

Sale Notes:
This successful and established Dollar General, located in Napoleonville, LA is offered at a 8.3% cap rate. This well maintained and well located store is strategically equidistant between Baton Rouge and New Orleans in Assumption Parish along Bayou Laforche in “Cajun Country”. It has a 15 year NN lease that has a rare upcoming 10% rent increase in the 11th year with 3 additional five year options.

Dollar General is publicly traded on the NYSE and headquartered in Goodlettsville (Nashville), TN. They have over 12,000 stores in 43 states and plan to continue expansion of an additional 900 retail locations in 2016.
- Price recently adjusted - 7.9% CAP!
- 15 year NN lease with 7 years remaining on the initial term
- Rare 10% rent increase in 11th year of initial term with 3 five year options
- Annual net income of $78,900
- Attractive 7.9% cap rate
- Upcoming rent increase in December 2018
- Successful, proven location built in 2008 on current store prototype
- 9,014 SF store on large, 1+ acre parcel
- Landlord responsible for roof, structure and grounds with CAM reimbursements of $3,700 annually
- Tenant reimburses Landlord 100% for taxes and pays insurance directly
- Corporate guaranteed lease by Dollar General

Bull Realty Inc.
Nancy L Miller
(404) 876-1640 x118

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