DOLLAR GENERAL | BATON ROUGE, LOUISIANA

Purchase Price
$1,358,792
Location
1931 Plank Road
Cap Rate
7.25%
Annual Rent
$98,512.44
Building Size
9,100 SF
Land Area
0.74 Acres
Ownership
Fee Simple
Lease Type
NNN
Term Remainning
6 Years
LEASE EXPIRATION
07/31/2026
Renewal Options
Three (3) - Five (5) Year
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:

  • 6 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 = 10,594 Residents
  • 3-Mile Population = 71,888 Residents
  • 5-Mile Population = 151,380 Residents

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