Dollar General NNN Property For Sale — Boyce, LA · 9,026 SF
Boyce, LA
A single-tenant Dollar General property located in Boyce, Louisiana within the Alexandria MSA. The 9,026-square-foot building was constructed in 2015 and is situated on a 2.0-acre parcel along Highway 1 in close proximity to Interstate 49 and Alexandria International Airport. The property is subject to an absolute triple net (NNN) lease with zero landlord responsibilities, featuring approximately 14 years remaining on the initial term and 10% rental escalations in each of the three 5-year renewal options. Dollar General is an investment-grade rated credit tenant (S&P: BBB).
- Address: Boyce, LA
- Asking price $1.14M
- 7.00% cap rate
- NOI $79,515
- 3.5 years remaining
- NNN lease
- Year built: 2015
- Building size: 9,026 SF
- Lot size: 2.00 acres
- Lease expiration: Apr 30, 2030
- Rent increases: 10% at Option 1 (5/1/2030); 10% at Option 2 (5/1/2035); 10% at Option 3 (5/1/2040)
- Guarantor: Corporate
Location
This Dollar General property is in Boyce, Louisiana.
Asset type: Retail