Listed by Waters & Pettit Commercial Real Estate
$1,050,000
Dollar General
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 9,026
Cap Rate 7.77%
NOI $81,563
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NNN
Lease Term 20.1
Lease Expiration 04/30/2031
Remaining Term 4.9
Rent Bumps Yes
Lease Options 4, 5 year options
Price per SqFt $116
Broker Co-Op Yes
Year Built 2011
Acreage 1.150
Parking Spaces spaces
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 04/01/2011
Ground Lease No
Dollar General NNN
Marketing description
The subject property is a freestanding Dollar General store located on Highway 347 in Breaux Bridge (Cecilia) LA, just outside of Lafayette. The 9,014+/- square foot store was built in 2011 on 1.15+/- acres of land. The store benefits from being centrally located in the town of Cecilia, just down the street from Cecilia High School, and from the limited competition in the immediate area.
Dollar General is signed to a NNN lease that commenced in April of 2011 and contains a 10% rental increase during each of the 4, 5-year option periods thereafter.
Listing Contacts
Listed by Waters & Pettit Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$81,563.00
$6,796.92/mo
Valuation Metrics
0
DSCR
7.77%
Cap Rate
7.77%
ROI
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