Dollar General - Net Lease Property for Sale
Gramercy, LA
Key Investment Metrics
Price
$739,500
Cap Rate
8.0%
Net Operating Income
$59,160
Building Size
16800 SF
Lot Size
16,800 SF
Land Area
1 Acres
Remaining Term
4 years
Lease Expiration
02/28/2031
Lease Term
35.0 years
Lease Commencement
03/01/1996
Lease Type
NN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
1970
Tenancy
Single
Rent Increases
10% at each renewal option
About This Dollar General Net Lease Property
This Dollar General NNN (triple net lease) property is located in Gramercy, LA and represents an excellent investment opportunity for commercial real estate investors. The property features 16800 square feet of building space and was built in 1970.
With a cap rate of 8.0%, this Dollar General net lease property offers stable income potential. The asking price is $739,500, making it an attractive option for 1031 exchange investors seeking quality Dollar General commercial properties.
Why Invest in Dollar General NNN Properties?
- Stable Income: Dollar General net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Dollar General is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Gramercy, LA Market Overview
Located in Gramercy, LA, this Dollar General property benefits from strong local demographics and market fundamentals. The Gramercy area offers excellent visibility and accessibility, making it an ideal location for Dollar General operations and a solid investment for net lease property buyers.