DOLLAR GENERAL | BATON ROUGE, LOUISIANA
INVESTMENT SUMMARY
Purchase Price
$1,175,000
Location
1931 Plank Road
Cap Rate
8.38%
Annual Rent
$98,512.44
Building Size
9,100 SF
Land Area
0.74 Acres
Ownership
Fee Simple
Lease Type
NNN
Term Remainning
5 Years
LEASE EXPIRATION
07/31/2026
Renewal Options
RENT INCREASES
10% at Options
Parking
30 Spaces
Year Built
2011
APN
02890674
Traffic Counts
8,894 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE GUARANTEED LEASE:
- 5 Years Remaining on the Lease
- 2011 Construction Build-to-Suit Dollar General
- Three (3) - Five (5) Year Option Periods with 10% Rental Increases
A TRUE COUPON CLIPPER | ABSOLUTE NNN LEASE:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
- Ideal, Management-Free Investment for an Out-of-State, Passive Investor
LOUISIANA STATE UNIVERSITY (1860):
- Located Less than 5 Miles from the Subject Property - 9 Minute Drive
- Total Enrollment of 31,761 Students
- Offers 73 Major Fields, Masters Degrees in 72 Fields and Doctoral Degrees in 49 Major Fields
- Ranked #153 Top National University and #72 Top Public School by U.S. News World & Report
EXXON MOBIL REFINERY:
- Located Less than 5 Miles from the Subject Property - 5 Minute Drive
- The Fifth-Largest Oil Refinery in the United States and the Thirteenth-Largest In the World
- 502,500 Barrell-Per-Day Capacity
PROXIMITY TO OTHER MAJOR CITIES:
- Lafayette, Louisiana | 55 Miles - 57 Minute Drive
- New Orleans, Louisiana | 81 Miles - 1 Hour: 27 Minute Drive
- Alexandria, Louisiana | 123 Miles - 1 Hour: 57 Minute Drive
- Lake Charles, Louisiana | 126 Miles - 1 Hour: 27 Minute Drive
- Gulfport, Mississippi | 135 Miles - 2 Hour: 13 Minute Drive
TRADE AREA DEMOGRAPHICS:
- 1-Mile Population = 10,420 Residents
- 3-Mile Population = 70,304 Residents
- 5-Mile Population = 149,681 Residents