Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Sold
Franklinton, LA - Dollar General
31015 LA-438 | Franklinton, LA 70438
$1,697,543
Price5.25%
Cap Rate$89,121
NOI9,027
± SF Offering GLADescription
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a newly-constructed, NNN, corporate guaranteed Dollar General investment property located in Franklinton, Louisiana. The tenant has approximately 14 years remaining on their current 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 guaranteed by the corporate entity (S&P: BBB) and is NNN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Dollar General is a nationally recognized discount store currently operating more than 18,000 stores.
Location
Dollar General is strategically located near the hard-corner intersection of State Highway 438 and State Highway 430, which averages 1,195 vehicles passing by daily. The site benefits from excellent visibility via significant street frontage and a large pylon sign along State Highway 438. The asset is ideally situated within a sparse retail corridor with limited competition in the surrounding trade area, creating a large consumer draw for the site. The 10-mile trade area is supported by nearly 17,500 residents and 4,500 employees, with an average household income of $53,569. Franklinton, Louisiana is a family-friendly town known for its hospitality, its numerous outdoor activities, and the iconic Washington Parish Free Fair, the largest free fair in the country.
Documents & Links
| View | ||
|---|---|---|
 Offering Memorandum |  |  |