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Relocation Dollar General Plus | Absolute Triple Net Lease | 131 Cottonport Ave

$1,700,000

131 Cottonport Avenue, Cottonport, LA 71327

Active
Last Updated: 03/13/2023

6.41

Cap Rate

10,640 sqft

Details:
Cap Rate:    6.41%
:    10,640 sqft
Lot Area:    1.29 acres
Lease Type:    Absolute Net
Year Built:    2022
Price Per Sqft:    $159.77
Highlights:
  • Brand new 2022 construction | Build-to-suit Dollar General Plus relocation | Larger format store
  • Absolute Triple Net Lease | Tenant pays 100% taxes, insurance & CAM expenses
  • New 15-year lease | Opened in December 2022
  • Four, five-year options with 10% rental increases | Potential for long term passive income
  • Strong guarantee | Lease is backed by Dollar General Corporation
Description:

TENANT HIGHLIGHTS:
• Essential business stays open during COVID-19
• Recognized by Forbes Magazine among its Top 25 corporate responders to COVID-19
• Investment Grade Credit Tenant | S&P rating: BBB
• Dollar General is ranked #91 on the Fortune 500 list as of June 2021
• Dollar General has 18,000+ stores with plans to add 1,000+ locations by 2025
• In December 2021, Dollar General announced plans to expand its Footprint Internationally
• In November 2021, Dollar General announced plans to partner with DoorDash

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Offering Memorandum
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