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Dollar General, Centerville, LA

Dollar General

Price $1,345,000
Cap Rate 6.60%
NOI $88,756
Lease Term 15 years
Lease Type NNN, with Tenant Responsible for All Taxes, Insurance, Maintenance, and Repair, Including Roof, Structure, and Parking Lot
Rental Increases 10% Rental Increases in Option Periods
Year Built 2019
Building Size 9,100 SF
Lot Size 1.11 acres (48,532 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Cushman & Wakefield
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

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NEW 15-YEAR NNN LEASE WITH CORPORATE GUARANTY
» 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
» 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 $25.6 billion
» Dollar General operates more than 15,000 locations in 44 states and has plans for significant future growth

CENTRAL LOCATION WITH MINIMAL COMPETITION
» Immediate access to U.S. Route 90, which experiences a high traffic count of 21,338 vehicles per day
» U.S. Route 90 serves as a major shipping and commuting route in the region and is planned as a southern extension of Interstate 49
» Within walking distance of Centerville High School, which has a total enrollment of 615 students
» Directly across from the St. Mary Parish School Board Central Office Complex
» Minimal competition in the surrounding area

NEW 2019 CONSTRUCTION
» High-quality construction completed in 2019
» Built to Dollar General’s exact specifications, demonstrating long-term commitment to the location
» New building, limiting near-term deferred maintenance or capital costs



Property Description

The property is conveniently located on Highway 317, Centerville’s primary thoroughfare. The property benefits from immediate access to U.S. Route 90, which experiences a high traffic count of 21,338 vehicles per day. The section of U.S. Route 90 that passes near the property is planned as a southern extension of Interstate 49. This part of the highway is important to the offshore petroleum industry, as it connects the cities of Lafayette and New Orleans to the port cities along the coast. As a result, U.S. Route 90 serves as a major shipping and commuting route in the region.

The property is centrally located less than half a mile from downtown Centerville and just over five miles from downtown Franklin. The property is directly across from the St. Mary Parish School Board Central Office Complex and is within walking distance of Centerville High School, which has a total enrollment of 615 students.

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