Dollar General NNN Property For Sale — Provencal, LA
1823 LA-117, Provencal, LA 71468
This Dollar General property offers investors an opportunity to acquire a robust asset with an absolute NNN lease, ensuring no landlord responsibilities. The tenant, Dollar General, holds an investment-grade credit rating of \"BBB\" and benefits from over 10.6 years remaining on the current lease term. Situated on Highway 117, the location experiences significant daily traffic and benefits from a lack of direct competition, as Dollar General is the sole corporate tenant in the immediate vicinity. The brand is known for its recession-resistant business model, demonstrating consistent profitability even during economic downturns, further underscored by a Silver Globe Business Excellence Award for its COVID-19 pandemic response. The surrounding area within a 5-mile radius has an estimated po…
- Address: 1823 LA-117, Provencal, LA 71468
- Asking price $1.23M
- 7.15% cap rate
- NOI $87,644
- 8.6 years remaining
- NNN lease
- Year built: 2020
- Building size: 9,100 SF
- Lease expiration: Mar 31, 2035
- Rent increases: 10% in option periods
- Guarantor: Corporate
Location
This Dollar General property is at 1823 LA-117 in Provencal, Louisiana.
Asset type: Retail