Dollar General for Sale in Metairie, LA
Metairie, LA
Key Investment Metrics
Price
$1,599,200
Cap Rate
9.5%
Net Operating Income
$151,925
Building Size
9100 SF
Land Area
0.985 Acres
Remaining Term
0.5 years
Lease Expiration
01/31/2027
Lease Type
Absolute NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2012
Tenancy
Single
Rent Increases
10% increase in each option
Property overview
Dollar General in Metairie
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 9,100 SF
- Land area
- 0.985 acres
- Year built
- 2012
- Lease type
- Absolute NNN
- Lease expiration
- 01/31/2027
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.