1330 Gum Cove Rd - Convenience Store FOR SALE


Vinton, LA 70668
$2,300,000 USD
1330 Gum Cove Rd, Vinton, LA for Sale
$2,300,000 USD
Convenience Store - FOR SALE
1/3
null | 6.65% Cap Rate

1330 Gum Cove Rd
Vinton, LA 70668


HIGHLIGHTS

  • Corporate-guaranteed 15-year NNN lease with Dollar General
  • 5% rent increases every 5 years, including option periods
  • Located off I-10 between Beaumont and Lake Charles (51K+ VPD)
  • Upgraded DG Market format with grocery and fresh food offerings
  • Surrounded by major employers and tourism drivers like Delta Downs
  • Positioned in Lake Charles MSA, a hub for petrochemical and logistics

OVERVIEW

2025 NEW CONSTRUCTION DOLLAR GENERAL MARKET • 10,640 SF upgraded construction Dollar General Market located in Vinton, LA. • DG Market is a combo store offering fresh produce, milk, meats, and other groceries in addition to Dollar General’s usual mix of low-price general merchandise. • This Dollar General is open, with rent commencing in August 2025. 15-YEAR CORPORATE NNN LEASE WITH INCREASES IN INITIAL TERM & OPTIONS • Features a 15-year corporate-guaranteed NNN lease with Dollar General, including 5% rent increases every 5 years. • Tenant is 100% responsible for all expenses, including parking lot, taxes, insurance, roof, and structure. • There are 5% rent increases in the initial lease term and in each of the five, 5-year option periods. INVESTMENT-GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment-grade credit rating of BBB. • The company currently operates over 21,000 locations and plans to open 575 new stores in the U.S. and 15 in Mexico. • Dollar General has been in business for 86 years and has a net worth exceeding $18.16 billion. INTERSTATE EXIT LOCATION BETWEEN BEAUMONT & LAKE CHARLES (51,632 VPD) • Strategically located off Interstate 10, connecting Beaumont and Lake Charles. • I-10 is the primary east–west corridor connecting Houston to New Orleans, with traffic counts of 51,632 VPD. NEAR DELTA DOWNS RACETRACK & CASINO (616.K ANNUAL VISITS) • Delta Downs Racetrack & Casino (616.7K annual visits) in Vinton is a major employer and entertainment draw, generating millions in annual tourism spending. • Delta Downs Racetrack & Casino employs over 1,100 employees and continues to the over $1 billion in tax revenue for the state. LAKE CHARLES MSA | HOME TO ONE OF THE LARGEST PORTS IN THE U.S. • Part of the Lake Charles MSA (210,000+ population), a hub for petrochemical, shipping, and gaming industries. • Lake Charles hosts $47B+ in industrial projects, including Sasol, Phillips 66, and Citgo, supporting over 30,000 jobs in energy and manufacturing. • The Port of Lake Charles ranks among the top 10 U.S. ports by tonnage, handling over 65 million tons annually and driving Gulf Coast logistics and trade. • McNeese State University (7,600+ students) and the Calcasieu Parish School System (27,000+ students) anchor regional education and workforce development.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$216 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Market | Interstate Location

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.85 AC

LAND SF

80,586 SF

ZONING

-

APN/PARCEL ID

01363113

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