Leesville, LA - Dollar General

Description:

• Dollar General has 6 years remaining on their current lease with 3 (5-year) options to extend
• The asset is paying below market rent of around $8.00 a square foot, providing the tenant with a steady rent to support sales
• The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 20,000 locations in 47 states as of February 2024

• Dollar General is strategically situated along State Hwy 10 which is a conduit between Lake Charles Hwy coming from Deridder, Leesville, and all the surrounding communities, which averages 12,500 VPD
• The subject property benefits from no competition in the immediate trade area
• This is the only Dollar General within 20 miles on Highway 10
• The asset has excellent visibility via street frontage and large pylon sign