Dollar General Investment Opportunity | Reeves, LA | 7.70 Cap Rate

Property Description

Marketing Package

Randall Commercial Group, LLC is pleased to exclusively offer for sale this free standing Dollar General located in Reeves, LA.  The subject property has approximately 6-years left on a 15-year, NN lease with a 10% scheduled rental increase in 2019.  The property is located along Highway 190, just +/- 34 miles from Lake Charles, LA and +/- 16 miles from the Coushatta Casino Resort, Louisiana’s largest casino resort.  Dollar General is an investment grade tenant with a Standard & Poor’s “BBB” credit rating.

  • Offering Price:  $1,000,000 | 7.70% Cap Rate
  • Net Operating Income:  $77,000 (scheduled to increase to $84,699.96 in 2019)
  • Lease Expiration Date:  August 31, 2024
  • Building Size:  +/-9,014 sq. ft.*
  • Lot Size:  +/-1.54 acres*
  • Lease Type:  Double Net Lease**
  • Tenant:  Dolgencorp, LLC d/b/a Dollar General
  • Guarantor:  Dollar General Corporation
  • Address:  18208 Highway 190 | Reeves, LA 70658

Please contact Elizabeth J. Randall, CCIM or Brian P. Phillips, CCIM for more information.

*Owner provided data – Site Plan
**Landlord Responsible for roof, structure & capital repairs to parking lot.  Parking lot maintenance reimbursement is $300 per month (may be adjusted each calendar year).

General Info

Category: For Sale

Type: Investment, Retail

Price: $1,000,000

Address: 18208 Highway 190, Reeves, LA 70658

Listing Page: Click to View Loopnet Listing Page

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