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Dollar General | Absolute NNN

$1,168,590

1823 La 117, Provencal, LA 71468

Active
Last Updated: 08/08/2025

7.5

Cap Rate

87,644

NOI

Details:
Cap Rate:    7.5%
NOI:    $87,644
Building Size:    9,100 sqft
Lease Type:    Absolute Net
Year Built:    2020
Highlights:
  • ABSOLUTE NNN LEASE – Zero landlord responsibilities, offering true passive ownership.
  • INVESTMENT-GRADE TENANT – Dollar General holds a “BBB” credit rating from S&P, reflecting strong creditworthiness and financial stability.
  • LONG-TERM LEASE – Approximately ±10.5 years of lease term remaining, providing secure and predictable income.
  • NO DIRECT COMPETITION – The subject property benefits from an exclusive market position with no comparable retailers in the immediate vicinity.
  • RECESSION-RESISTANT OCCUPANT – Dollar General has demonstrated consistent performance across economic cycles and was recognized with a Globe Business Excellence Award for its operational resilience during the COVID-19 pandemic.
  • HIGHWAY LOCATION – Located on Hwy 117, Sees traffic counts of 2,500 VPD.
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Documents:
Title
Offering Memorandum
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