Listed by Prime Realty Inc., Prime Realty Inc
$1,015,755
Dollar General - 8.0 Cap - Absolute NNN
Details
Property Type Retail
Sub Type Convenience Store, Storefront
Square Footage 9,026
Cap Rate 8%
NOI $81,260
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 20.7
Lease Expiration 06/29/2031
Remaining Term 5.1
Rent Bumps Yes
Lease Options Three Five (5) Year
Price per SqFt $113
Acreage 1.010
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 10/19/2010
Ground Lease No
Retail | 8.00% CAP | 9,026 SqFt
Marketing description
Prime Realty has been selected, as the Exclusive Broker, to offer for Sale the Dollar General located at 12204 Texas Hwy, Many, LA, leased NNN for Six (6) Years.
Investment highlights
Minimal Landlord Responsibility. Tenant responsible for all property and building maintenance.
Commitment to Site. Dollar General has operated at this location since 2010 and recently exercised their first Option Period.
Options. Tenant has three five (5) year options remaining with 10% increases.
Investment Grade Credit Tenant. Dollar General has a BBB Credit Rating (S&P).
Listing Contacts
Listed by Prime Realty Inc., Prime Realty Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$81,260.00
$6,771.67/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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