77280 Landry Dr, Maringouin, LA 70757

Welcome to the 77280 Landry Drive property in Maringouin, Louisiana. Featuring a single-tenant Dollar General with a corporate guaranty (S&P: BBB), this property boasts a solid 17-year operating history. With a net operating income of $77,592 and a cap rate of 8.50%, this NN leased property offers a passive investment with limited landlord responsibilities. Dollar General, operating since 2008 and with a lease term until 2029, provides a stable income stream with scheduled rental increases. The lease includes two 5-year renewal options, with a 10% increase at the beginning of each option period. Strategically located off State Hwy 77 with limited competition, this property is supported by over 12,000 residents and 2,000 employees in the 10-mile trade area, boasting an average household income of $83,124. Don't miss this opportunity to own a property with a global brand tenant in a thriving area.