Dollar General – Haynesville, LA
Fortis Net Lease is pleased to present this 9,100 SF. Dollar General store located in Haynesville, Louisiana. The property offers a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. There are 5.25 years remaining on the primary term. The lease contains 3 (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 has been open & operating since February 2011.
This Dollar General is highly visible as it is strategically positioned on Highway 79 which sees 4,063 cars per day, next to Haynesville Elementary School which serves around 250+ students. The ten mile population from the site is 5,711 while the three mile average household income is $36,060 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 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 6.75% cap rate based on the NOI of $76,564.56.
• 15 Year Absolute NNN Lease | Zero Landlord Responsibilities
• 3 (5 Year) Options | 10% Increases At Each Option
• Concrete Parking Lot | 5.25 Years Remaining on Primary Term
• Three Mile Household Income $36,060
• Ten Mile Population 5,711
• 4,063 Cars Per Day on Highway 79
• Investment Grade Dollar Store With “BBB” Credit Rating
• DG Reported 30 Consecutive Years of Same Store Sales Growth
• Located on Main Thoroughfare
• Next to Haynesville Elementary School | 250+ Students
• Only Dollar Store Within 12+ Miles
Instate Broker of Record: Mathew Laborde | Elifin | License # 21862