Dollar General NNN Property For Sale — Many, LA
12204 Texas Hwy, Many, LA
This Dollar General property presents a compelling investment opportunity in Many, Louisiana. The property features a long operating history with Dollar General, an investment-grade credit tenant (BBB S&P rating), and minimal landlord responsibilities due to the absolute NNN lease structure. The tenant has recently exercised its first option period and has three additional five-year options remaining, each with 10% rent increases, providing predictable income growth. Located in a vibrant community with local shops, restaurants, and attractions like the Sabine Parish Courthouse and Toledo Bend Reservoir, this property benefits from both local and tourist traffic. This offering combines a strong tenant with a favorable lease structure in an attractive location, making it an excellent additi…
- Address: 12204 Texas Hwy, Many, LA
- Asking price $1.02M
- 8.00% cap rate
- NOI $81,260
- 6 years remaining
- NNN lease
- Year built: 2011
- Building size: 9,026 SF
- Lot size: 1.01 acres
- Rent increases: 10% increases in option periods
- Guarantor: Corporate
Location
This Dollar General property is at 12204 Texas Hwy in Many, Louisiana.
Asset type: Retail - Street Retail