Overview

Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, newly constructed, free standing Dollar General located in Eunice, Louisiana. The tenant, Dollar General, recently signed a brand new 15 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is an absolute NNN with no landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

The property is located along South C C Duson Street, a retail thoroughfare serving the town of Eunice. The street intersects with U.S. Highway 190 (combined 27,600 VPD) less than half a mile north of the Dollar General, providing a consistent stream of consumers. U.S. Highway 190 features other national/credit tenants including Sherwin Williams, O’Reilly Auto Parts, Tractor Supply Co., McDonald’s, Taco Bell, Burger King, the Aaron’s-anchored Westgate Shopping Center, and a Walmart Supercenter, all within a 2.5 mile radius of the investment. South C C Duson Street is parallel to State Highway 757 (5,900 VPD) and intersects with East Maple Avenue (14,200 VPD). The property is positioned at the center of a 1 mile radius containing Saint Edmund Elementary School, Highland Elementary School, Central Middle School, Eunice Junior High School, and Saint Edmund High School, representing the ideal location of the asset in relation to the school system and residential community of Eunice. The 5-mile trade area is supported by a population of over 14,800 residents with an average household income of $67,329.

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