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

Property Description

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: Recent/Closed Projects

Type: Investment, Retail

Price: $1,000,000

Address: 18208 Highway 190, Reeves, LA 70658

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