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Dollar General – Jennings, LA – NNN Lease

3121 Evangeline Hwy.

Asking Price: $1,129,755
CAP Rate: 6.7%

PROPERTY HIGHLIGHTS

  • 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.

 

  • There are no features available

$1,129,755

9,026 SF

Price:

$1,129,755

Cap Rate:

6.7%

Property Type:

Retail

Building Size:

9,026 SF

SF Land Area:

1.15 acres

Current NOI:

$75,693.60

Lease Type:

NNN

Remaining Term:

15 Years

Status:

Active

CONTACT BROKER

Michael Zimmerman

(919) 391-9901

Brett Sheldon

(919) 391-9903

Download Offering Memorandum
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