Listed by Bang Realty, Trinity Real Estate Investment Services
$535,335
Dollar General
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,014
Units 1
Cap Rate 9%
NOI $48,180
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type NN
Lease Term 25
Lease Expiration 06/30/2030
Remaining Term 4.1
Rent Bumps Yes
Lease Options Four (4), 5-Year; 10%
Price per SqFt $59
Year Built 2005
Buildings 1
Acreage 1.160
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 07/01/2005
Ownership Fee Simple
Retail | 9.0% CAP | 9,014 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Dollar General in Vivian, LA. The subject property is a low price point Dollar General with LL friendly lease structure. It is positioned in the heart of Vivian, LA.
Property Website: https://trinityreis.com/listing/430-s-pine-st/
In cooperation with Brian Brockman at Bang Realty, Inc | LA #BROK.0995684990-ASA | [email protected] | (513) 898-1551
Investment highlights
- Low Price Point Dollar General in Vivian, LA
- LL Friendly Lease Structure With 4+ Years Remaining on Current Term
- Attractive 10% Rent Increases in the Option Periods
- Highly Visible Frontage on S Pine St With 4,000+ Vehicles Passing Daily
- Limited Local Retail Competition, Store Located on the Main Thoroughfare in Vivian
- Positioned in the Heart of Vivian, LA, Just 30 Miles Northwest of Shreveport, With Easy Access via I-49 N and LA-170
- Strong Corporate Guaranty by Dollar General Corporation, With an S&P Credit Rating of BBB and Operates 20,000+ Locations
Listing Contacts
Listed by Bang Realty, Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$48,180.00
$4,015.00/mo
Valuation Metrics
0
DSCR
9%
Cap Rate
9%
ROI
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