DOLLAR GENERAL | RUSTON, LOUISIANA

Purchase Price
$1,533,269
Location
2800 S. Vienna Street
Cap Rate
5.75%
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
Five (5) - Five (5) Year
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)

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