New Dollar General | Corporate Guarantee | 15-Year Absolute NNN | Upgraded Construction: Rare Brick Veneer Building

Highlights:

• Brand New 2022 Construction
• 15-Year Absolute NNN Lease w/ 10% Rent Increases Every 5-Years in the (4) 5-Year Option Periods
• Dollar General (NYSE: DG) Corporate Guarantee (Investment Grade Credit - S&P Rated BBB)
• Upgraded Construction: Rare Upgraded Brick Veneer Building
• Located Directly off US Highway 90 - The Major Thoroughfare Going from Morgan City to New Orleans & Lafayette
• Traffic Counts Exceed 13,200 Vehicles Per Day

Description:

The subject property is a newly constructed freestanding Dollar General located in Morgan City, LA. The new 15-year absolute NNN lease includes 10% rental increases every 5-Years in the (4) five-year option periods. The lease is corporately guaranteed by Dollar General (NYSE: DG), an investment grade credit tenant, rated BBB by Standard & Poor's.

This location benefits from its excellent visibility and frontage on Louisiana State Route 182, a major thoroughfare through Morgan City which boasts over 13,200 vehicles per day. This Dollar General is just minutes from downtown Morgan City, the U.S. Coast Guard, Calumet Gas Plant, and Harry P. Williams Memorial Airport. In addition, the site is positioned directly off the highly trafficked U.S. Highway 90 which leads west ±70 miles to Lafayette and east ±90 miles to New Orleans connecting Morgan City with these major cities.

National retailers in the immediate vicinity include Wal-Mart, Dollar Tree, Sonic, AT&T, Smoothie King, McDonald’s, Walgreens, Popeyes, Wendy’s, O’Reilly Auto Parts, CVS Pharmacy, Circle K, Family Dollar, Sherwin Williams, AutoZone, Taco Bell, Burger King, and more. This is an excellent opportunity for an investor to purchase a stable, long term corporately guaranteed investment with zero landlord responsibility.

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