DOLLAR GENERAL | RUSTON, LOUISIANA
INVESTMENT SUMMARY
Purchase Price
$1,500,000
Location
2800 S. Vienna Street
Cap Rate
5.87%
Annual Rent
$88,163.00
Building Size
9,014 SF
Land Area
1.23 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
12 Years
LEASE EXPIRATION
03/31/2033
Renewal Options
RENT INCREASES
10% at Options
Parking
35 Spaces
Year Built
2018
APN
36183000013
Traffic Counts
10,700 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- Approximately 12 Years Remaining in the Initial 15 Year Lease Term
- 2018 Construction - 9,014 SF
- 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
UPGRADED CONSTRUCTION:
- All Brick Construction
PROXIMITY TO OTHER MAJOR CITIES:
- Monroe, Louisiana | 32 Miles
- Shreveport, Louisiana | 69 Miles
- Longview, Texas | 131 Miles
- Jackson, Mississippi | 154 Miles
- Little Rock, Arkansas | 171 Miles
- Lafayette, Louisiana | 182 Miles
- Dallas, Texas | 254 Miles
TRADE AREA DEMOGRAPHICS:
- 1-Mile Population = 1,199 Residents
- 3-Mile Population = 16,979 Residents
- 5-Mile Population = 30,304 Residents
- 7-Mile Population = 36,633 Residents
TENANT:
- Dollar General (NYSE: DG) Features Investment Grade Credit "BBB" by Standard & Poor's
- 17,426 Stores in 46 States as of April 30, 2021
- Dollar General Achieved Their 31st Consecutive Year of Positive Same-Store Sales Growth in 2020
- Ranked #112 on the Fortune 500 List - Up 7 Spots from Last Year (Dollar General has Moved Up the Fortune 500 Rankings for 11 Consecutive Years)