Listed by Bang Realty, Trinity Real Estate Investment Services
$1,126,045
Dollar General
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,026
Cap Rate 7.5%
NOI $84,453
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 03/31/2030
Remaining Term 3.8
Rent Bumps Yes
Lease Options Three (3), 5-Year; 10%
Price per SqFt $125
Year Built 2015
Acreage 2.300
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 03/15/2015
Ownership Fee Simple
Retail | 7.50% CAP | 9,026 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Dollar General in Carencro, LA. This property is a Lafayette MSA store with 4 years remaining on the current term, an absolute NNN lease requiring zero landlord responsibilities, and an attractive 10% rent increase every five years in the option periods.
Property Website: https://trinityreis.com/listing/703-hwy-93/
In cooperation with Brian Brockman at Bang Realty, Inc | LA #BROK.0995684990-ASA | [email protected] | (513) 898-1551
Investment highlights
- Lafayette MSA Dollar General Store in Carencro, LA With 4 Years Remaining on Current Term
- Absolute NNN Lease With Zero Landlord Responsibilities
- Attractive Rent Increase of 10% Every 5 Years in the Option Periods
- Large 2.3-Acre Parcel Along Hwy 93 With 5,000+ Vehicles Passing Daily
- Strong 5-Mile Demographics of 27,000+ Residents and Positive Population Growth Expected in the Next Five Years
- Limited Local Retail Competition - Store Serves as Primary Source of Goods for Local Residents
- 13 Miles to Downtown Lafayette, LA With an MSA Population of 249,000+
- 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
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Annual Debt Service
$--
$--
Annual Cash Flow
$84,453.00
$7,037.75/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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