Dollar General | 8 Yrs NNN | BBB Credit | 4932 Highway 34
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Dollar General | 8 Yrs NNN | BBB Credit 4932 Highway 34
9,100 SF Retail Building West Monroe, LA 71292 £913,252 (£100/SF) 7% Net Initial Yield
Investment Highlights
- Corporate lease with Dollar General Corporation | Backed by Baa2/BBB, investment-grade credit
- Long-term investment | 8 Years Remaining in Primary Lease Term
- 10% rent increases in each option period, providing a hedge against inflation
- High-Quality Construction | Built in 2017
- NNN Lease | Tenant is responsible for all maintenance, repairs, insurance, and taxes
- Strong, expanding company | In 2023, Dollar General ranked #108 on Fortune 500 list and was listed on Fortune’s World’s Most Admired Companies list
Executive Summary
• Corporate lease with Dollar General Corporation | Backed by Baa2/BBB, investment-grade credit
• High-Quality Construction | Built in 2017
• Long-term investment | 8 Years Remaining in Primary Lease Term
• NNN Lease | Tenant is responsible for all maintenance, repairs, insurance, and taxes
• 10% rent increases in each option period, providing a hedge against inflation
• Strong, expanding company | In 2023, Dollar General ranked #108 on Fortune 500 list and was listed on Fortune’s World’s Most Admired Companies list for 2023 | Annual net sales exceeds $37.8 Billion
• Excellent access and visibility from Townline Road
• Strong, expanding company | In 2023, Dollar General ranked #108 on Fortune 500 list and was listed on Fortune’s World’s Most Admired
Companies list for 2023 | Annual net sales exceeded $37.8 Billion
• Experienced and aggressively growing tenant | Dollar General operates over 20,000 stores in the U.S. and Mexico with plans for further expansion | In 2024, plans to add another 800 new stores, remodel 1,500 stores, and relocate 85 stores | DG opened nearly 1,000 new stores, completed 2,000+ remodels, and relocated 129 stores in 2023
• Dollar General’s net sales increased 17.9% in Q4 2023 and were up 10.6% for FY 2022
• High-Quality Construction | Built in 2017
• Long-term investment | 8 Years Remaining in Primary Lease Term
• NNN Lease | Tenant is responsible for all maintenance, repairs, insurance, and taxes
• 10% rent increases in each option period, providing a hedge against inflation
• Strong, expanding company | In 2023, Dollar General ranked #108 on Fortune 500 list and was listed on Fortune’s World’s Most Admired Companies list for 2023 | Annual net sales exceeds $37.8 Billion
• Excellent access and visibility from Townline Road
• Strong, expanding company | In 2023, Dollar General ranked #108 on Fortune 500 list and was listed on Fortune’s World’s Most Admired
Companies list for 2023 | Annual net sales exceeded $37.8 Billion
• Experienced and aggressively growing tenant | Dollar General operates over 20,000 stores in the U.S. and Mexico with plans for further expansion | In 2024, plans to add another 800 new stores, remodel 1,500 stores, and relocate 85 stores | DG opened nearly 1,000 new stores, completed 2,000+ remodels, and relocated 129 stores in 2023
• Dollar General’s net sales increased 17.9% in Q4 2023 and were up 10.6% for FY 2022
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Building Class
B
Year Built
2017
Price
£913,252
Price Per SF
£100
Net Initial Yield
7%
NOI
£63,928
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Land Acres
1.82 AC
Parking
30 Spaces (3.3 Spaces per 1,000 SF Leased)
PROPERTY TAXES
Parcel Number | 132473 | Improvements Assessment | £65,710 |
Land Assessment | £999 | Total Assessment | £66,709 |
PROPERTY TAXES
Parcel Number
132473
Land Assessment
£999
Improvements Assessment
£65,710
Total Assessment
£66,709
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Dollar General | 8 Yrs NNN | BBB Credit | 4932 Highway 34
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