Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Dollar General investment property located at 116 N Magnolia Street in Gramercy, Louisiana (the “Property”). Dollar General has been at this location since 1996 and recently extended their double net lease demonstrating their commitment to this location and market. Dollar General has 4+ years of term remaining and is followed by six, 5-year renewal options. The lease features 10% rent increases at the start of each renewal option.
The Property benefits from a corner location at the intersection of N Magnolia Street and Main Street (LA Route 641), the primary commercial corridor traversing Gramercy, LA. Gramercy is located along the banks of the Mississippi River approximately 45 miles west of New Orleans.