Asking Price: $1,129,755
CAP Rate: 6.7%
- Prime retail location: Located at the intersection of Evangeline Hwy. and Riverside Rd. in Jennings, LA, this location is a short 5-mile drive from Jennings Airport. I-10 connects the town of Jennings to the cities of Lafayette and Lake Charles.
- Established, recognized retail tenant: Dollar General has 12,500+ convenient, easy-to-shop stores operating in 43 states delivering everyday low prices on name-brand products. Net sales increased 7.9% in 2016, and the company is set to open 1K new locations in 2017.
- Quality, long-term NNN investment: Absolute NNN lease means no landlord expenses. 15-year base lease with 4 options to extend with a 10% increase in each option.
- Unique Southern market: Jennings, LA is known as the “Cradle of Louisiana Oil” and is connected to major metropolitan areas such as Houston, TX and New Orleans, LA by I-10. Jennings is part of the larger Jefferson Davis Parish, which boasts 356K+ acres of developed farmland that bring in an annual crop valued at $55M+.
Listed in conjunction with Louisiana broker Rod Noles, license BROK.0000019413.A-ASA.
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