Dollar General NNN Property For Sale — New Orleans, LA
4515 Old Gentilly Road, New Orleans, LA 70126
This Dollar General property presents a compelling net lease investment opportunity in a high-density urban infill location. The asset features a modified NN lease with minimal landlord responsibilities. With a strong corporate guaranty from an investment-grade tenant, investors can expect stable cash flow and built-in rental increases, offering an attractive hedge against inflation. The property benefits from excellent visibility and high traffic counts.
- Address: 4515 Old Gentilly Road, New Orleans, LA 70126
- Asking price $2.00M
- 7.32% cap rate
- NOI $146,316
- 5.5 years remaining
- nn lease
- Year built: 2009
- Building size: 9,014 SF
- Lot size: 0.91 acres
- Lease expiration: Sep 30, 2024
- Rent increases: Today-9/30/19: $133,014; 10/1/19-9/30/24: $146,316; Option 1 (10/1/24-9/30/29): $159,720; Option 2 (10/1/29-9/30/34): $175,692; …
- Guarantor: Corporate
Location
This Dollar General property is at 4515 Old Gentilly Road in New Orleans, Louisiana.
Asset type: Retail