Dollar General for Sale in Gramercy, LA
Gramercy, LA
Key Investment Metrics
Price
$739,500
Cap Rate
8.0%
Net Operating Income
$59,160
Building Size
16800 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
Property overview
Dollar General in Gramercy
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 16,800 SF
- Land area
- 1 acres
- Year built
- 1970
- Lease type
- NN
- Lease expiration
- 02/28/2031
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.