Dollar General – Boyce, LA

Cap Rate
Leasable Area
Year Built


Ben Schultz

Senior Director



Fortis Net Lease is pleased to present this 9,,026 SF Dollar General store located in Boyce, LA. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains Four (5) Yr. Options to renew, 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 with rent having commenced on 4/27/2015.

This Dollar General is highly visible and is strategically positioned on Highway 1 seeing 3,216 cars per day, just a short distance from the exit off Interstate-49 seeing 22,832 cars per day. The ten mile population from the site is 85,137 while the three mile average household income is $74,339 per year, making this location ideal for a Dollar General. The area is experiencing great growth with the three mile population growth rate at 4.08%. 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 7.10% cap rate based on NOI of $79,515.

• Brand New Absolute NNN Lease | Zero Landlord Responsibilities
• Located on Primary Thoroughfare in the Trade Area
• Four (5 Year) Options | 10% Rental Rate Increase at Each
• 3,216 Cars Per Day Highway 1
• 22,832 Cars Per Day on I-49
• Three Mile Household Income $74,339
• Ten Mile Population 85,135
• Three Mile Population Growth Rate 4.08%
• Dollar General announced 32nd Straight Quarter of Same Store Sales Growth
• Alexandria MSA | Only 8 Miles from Downtown Alexandria
• Approximately 4 Miles From Alexandria International Airport


Instate Broker of Record: Mathew Laborde | Elifin | License # 21862