Dollar General - Lake Providence LA
Retail | 9.00% CAP | 9,360 SqFt
Marketing description
Don't miss out on this single-tenant NN lease with Dollar General! This property is in the top 23% of Dollar General locations according to Placer.AI, boasting a recent lease extension and over 3 years remaining on the lease. Priced at $882,000 with a cap rate of 8.50%, this investment generates a net operating income of $74,970. The Dollar General at this location is corporate-guaranteed (S&P: BBB), providing stability to your investment portfolio. With 10% rental increases at the beginning of each option period and two 5-year extension options, this property offers growth potential. The property has limited landlord responsibilities, making it an ideal low-management investment opportunity for passive investors. Situated in a bustling area with strong demographics and excellent visibility, this is a must-see investment opportunity to add to your portfolio.
Investment highlights
- 17-Year Operating History | 3+ Years Remaining | Scheduled Rental Increases | Corporate Guaranteed
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Local Demographics in 10-mile Trade Area
- Along Moore St | Nearby Schools & Hospital | Excellent Visibility & Access
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