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Dollar General, Broussard, LA

Dollar General

LA, United States

Price $1,392,000
Cap Rate
NOI
Lease Term 15 Years
Lease Type Absolute NNN, with Tenant Responsible for All Taxes, Insurance, Utilities, Maintenance, and Repair, Including Roof, Structure, and Parking Lot
Rental Increases 10% Rental Increases in Options
Year Built 2017
Building Size 9,100 SF
Lot Size 1.04 Acres (45,302 SF)
Status Sold
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Cushman and Wakefield Inc. LIC. # 00616335
This property is listed in conjunction with Louisiana-licensed real estate broker Beau Box Commercial Real Estate.

Investment Highlights

ABSOLUTE TRIPLE NET LEASE WITH CORPORATE GUARANTEE
» Guaranteed by Dollar General Corporation (NYSE: “DG”)
» Tenant is responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» No landlord management, providing an ideal investment opportunity for an out-of-area investor

MAJOR NATIONAL TENANT WITH STRONG FINANCIALS
» Dollar General Corporation is rated “BBB” by Standard & Poor’s and “Baa2” by Moody’s
» Dollar General’s yearly revenues exceed $20 billion
» Dollar General operates 14,000 locations in 43 states and has plans for significant future growth

HIGH-TRAFFIC LOCATION WITH ROBUST DEMOGRAPHICS
» Hard corner location with excellent visibility and access to more than 28,761 vehicles per day
» Convenient access to U.S. Highway 90, which connects to downtown Lafayette and experiences a high traffic count of 37,000 vehicles per day
» 97,829 daytime employees and 97,971 residents within a five-mile radius, providing a large customer base
» High average household income of $90,810 within a five-mile radius

CENTRAL LOCATION NEAR MAJOR EMPLOYERS AND UNIVERSITIES
» Just six miles from downtown Lafayette and the University of Louisiana at Lafayette, the second largest university in the state, with 19,000 students
» Near the 186-bed Our Lady Of Lourdes Regional Medical Center, one of the largest employers in the Acadiana region, with nearly 1,500 employees
» Close proximity to the Lafayette Regional Airport, the primary airport for the entire Acadiana region

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is located at the hard corner of West Pinhook Road and Mineral Road, with excellent visibility and access to 28,761 vehicles per day. Convenient access to U.S. Highway 90 is less than a mile from the property. U.S. Highway 90, which provides access to downtown Lafayette, is a heavily traveled route with an average traffic count of 37,000 vehicles per day. The property is located near a number of notable national retailers, including Walmart Supercenter, CVS, AT&T, Whole Foods, The Fresh Market, Target, Domino’s Pizza, and many others.

The property is centrally located and benefits from a large customer base. A large industrial park is directly across from the property, and several other industrial parks are located nearby. Downtown Lafayette is just six miles away, as is the University of Louisiana at Lafayette, the second largest university in the state, with an enrollment of over 19,000 students. The property is also near the 161-bed Women and Children’s Hospital and the 186-bed Our Lady Of Lourdes Regional Medical Center, one of the largest employers in the Acadiana region, with nearly 1,500 employees. In total, 97,829 daytime employees work within a five-mile radius of the property. Additionally, 97,971 residents, with an average household income of $90,810, live within the same area, creating a large customer base for Dollar General.

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