Established High Performing Dollar General Store

Highlights:

• At the 2023 census, 30,994 people lived in the city of Houma. However, many unincorporated areas are adjacent to the city of Houma. The largest, Bayou Cane is an urbanized area commonly referred to by locals as being part of Houma, but it is not included in the city's census counts, and is a separate census - designated place. If the populations of the urbanized census-designated places were included with that of the city of Houma, the total would exceed 60,000 residents.
• Currently, in 2023 Dollar General has profits of $2.416 Billion on revenue of $38.7 Billion
• Dollar General Corporation ("DG") is an American chain of variety stores headquartered in Goodlettsville, TN. As of April 29, 2024 Dollar General operates 10,882 stores in the continental United States and Mexico. And employees approximately 185,5800 worldwide. Dollar General credit rating: BBB
• Upgraded interior completed in last few years to incorporate groceries with a row of new cooler doors.
• The manager of this DG location is exceptional and has managed this location for more than 20 years.
• As testament to this location's success, this store exceeded the national sales average during Covid and thru the hurricane that hit Houma in 2021. Store is consistently one of the top performers in this trade area.
• This property is a single story, rectangular building with a metal clad exterior with a pitched metal standing seam roof system.
• Owner is also a licensed real estate broker in the state of Colorado

Description:

9.26% CAP RATE
Above average sales - contact Broker for more information
Performance wise, this location sits in the top 5% of all stores in this district or regions of stores
Located across the street from Bayou Blue Public School
Houma is the largest city in, and the parish seat of, Terrebonne Parish in the U.S. state of Louisiana. It is also the largest principal city of the Houma-Bayou Cane-Thibodaux metropolitan statistical area.
Monthly Base Rent: $4,125.00
Two Options:
1st Option: 8/1/28 - 7/31/33 - $4,538.00 per month
2nd Option: 8/1/33 - 7/31/38 - $4,991.00 per month

Retail

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