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4625 Highway 1 - Dollar General, Napoleonville, LA
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4625 Highway 1 - Dollar General
Napoleonville, LA 70390-8516
1.5 AC (65,453 SF)
For Sale Price:
This successful and established Dollar General, located in Napoleonville, LA is offered at a 7.50% 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 3% rent increase in the 11th year with 3 additional five year options. The HVAC units were replaced in 2014.
Dollar General is publically 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.
- Successful and robust location built in 2008 on current store prototype
- 15 year NN lease with nearly 8 years remaining on the initial term
- Rare 3% rent increase in 11th year of initial term with 3 five year options
- Annual net income of $78,900
- Attractive 7.5% cap rate
- 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
- New HVAC units installed in 2014
- Corporate guaranteed lease by Dollar General
CLICK HERE TO CONTACT THE SALES BROKER
FOR SALE CONTACTS
Bull Realty Inc.
Nancy L Miller
(404) 876-1640 x118
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