Investment Offering
Baton Rouge, LA - Dollar General
12703 Greenwell Springs Road | Baton Rouge, LA 70814
$1,789,000
Price6.15%
Cap Rate$110,007
NOI10,640
± SF Offering GLADescription
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate guaranteed (NYSE: DG), investment grade (S&P: BBB), Dollar General investment property located in Baton Rouge, Louisiana. The tenant, DG Louisiana, LLC, recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. The newly-constructed building features a state-of-the-art design and high-quality materials. Dollar General is a nationally recognized and established discount store currently operating over 18,000 stores in over 46 states.
Location
The Dollar General is strategically located along Greenwell Springs Road, a major thoroughfare serving the city of Baton Rouge averaging nearly 21,000 vehicles passing by daily. Furthermore, the subject property benefits from nearby direct on/off ramp access to the Central Throughway, which serves over 30,800 vehicles per day. The Dollar General benefits from excellent visibility via significant street frontage and a large pylon sign along Greenwell Springs Road. In addition, the asset is within close proximity to multiple schools with over 1,000 students in total, further increasing consumer traffic around the property site. The 5-mile trade area is supported by more than 105,494 residents and 39,353 daytime employees, providing a direct consumer base from which to draw. Residents within 1 mile of the subject property boast an average household income of $89,548.
Documents & Links
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 Offering Memorandum |  |  |