Dollar General – Bossier City, LA
Fortis Net Lease is pleased to present this 8,000 SF. Dollar General store located in Bossier City, Louisiana. The property offers a Twenty-two (22) Year Double Net (NN) Lease, leaving minimal landlord responsibilities. The lease has two (5) Yr. Options to renew remaining, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store is currently open and has been operating successfull since March 2003. Dollar General extended their term 7 years in 2013 and recently exercised it’s first 5 Year option, proving it’s dedication to this location.
This Dollar General is highly visible as it is strategically positioned on Barksdale Boulevard which sees 28,069 cars per day only 2.5 miles from the Barksdale Airforce Base. The five mile population from the site is 97,513 while the one mile average household income is $74,084 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 7.50% cap rate based on NOI of $63,756.
• Double Net (NN) Lease | Minimal Landlord Responsibilities
• Recently Extended Term 7 Years and Exercised 1st 5 Yr Option Proving Commitment to Location
• Only 2.5 Miles From Barksdale Airforce Base
• Two 5 Year Options | 10% Increase at Each
• Concrete Parking Lot | Located Directly Behind CenturyLink Center, a 270,000 SF Event Center with Holds 14,000 visitors
• One Mile Household Income $74,084
• Five Mile Population 97,513
• 28,069 Cars Per Day on Barksdale Boulevard
• Investment Grade Dollar Store with “BBB” Credit Rating
• DG Reported 30 Consecutive Years of Same Store Sales Growth
Instate Broker of Record: Mathew Laborde | Elifin | License # 21862