Bogalusa, LA Dollar General 14287 LA-21 South, Bogalusa, LA Cap Rate 8.25% Bogalusa ( Louisiana, US ) Built

$632,262 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 9,014 sq. ft.
  • Development Level: Built
  • Year Built: 2004

Description

Bogalusa, LA Dollar General 14287 LA-21 South, Bogalusa, LA Cap Rate 8.25%

Cap Rate: 8.25%
NOI: $52,170
Building Size: 9,014 sqft
Occupancy: 100%
Year Built: 2004

Price: $632,262 USD

DESCRIPTION
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN+ leased, freestanding, Dollar General investment property located in Bogalusa, LA. The tenant, Dollar General (S&P: BBB | NYSE: DG), recently executed a 5-year option through September 2024, demonstrating their continued commitment to the site. The lease features 2 remaining 5-year extension options with 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is NN+ with landlord responsible for roof, structure, HVAC (repairs over $1,000) and CAM (which DG reimburses up to $245.50/Mo for). Dollar General is paying low, replaceable rents at this location of only $5.78/SF/Yr, providing an attractive basis for a new investor.

The property is located directly along LA-21 (8,900 VPD), a primary thoroughfare that travels directly to Covington (32 min | 25 miles); a large city across from New Orleans. Dollar General has operated at this location since opening in 2004, and benefits from the ideal low income consumer base in which it is located. The 5-mile trade area is supported by a population of over 15,500 residents with an average household income of $41,000. The 1-mile household income exceeds $54,000, providing the store with a more well-capitalized local consumer base.

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

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Information is deemed to be correct but not guaranteed.