Menu
t r a n s l a t e

Dollar General Net Lease Investment | 7.6% Cap Rate

405 West 4th Street
Dequincy, LA 70633
PRICE : $840,000
CAP RATE: 7.6%
PROPERTY TYPE: Retail
SITE SIZE: 0.73 Acres
BUILDING SIZE: 11,250 SF
YEAR BUILT: 1996

Highlights

  • Long established Dollar General in Lake Charles MSA
  • Store expanded at tenant request to 11,250 SF in 2005 due to the strong trade area
  • Recent tenant initiated NN lease extension through July 2025 with increases in rent & CAM in the extended period and option
  • Well maintained with new HVAC units in 2017 and 2018
  • Outstanding corporate guarantee by Dollar General

Description

This single tenant NN Dollar General in Dequincy (Lake Charles MSA), Louisiana is an excellent investment property in a proven location with minimal landlord responsibilities.

Dollar General approached the Landlord in 2005 and negotiated a store expansion to over 11,000 SF to meet the sales demand in the immediate trade area. The NN lease was recently extended through July 2025, showing a continued commitment to this location. As part of the extension, the rent will increase 5% in 2020 and the CAM contribution will increase at that time as well.

Landlord responsibilities include repairs and maintenance to the roof, structure and paved areas. Insurance is handled directly by Dollar General through their National Insurance Program. The NN lease requires the tenant to reimburse the Landlord for taxes and repairs under $1,000 per occurrence. Within the last two years, the Landlord replaced two of the HVAC units and recently restriped the parking lot.

Request more information