Triple Net Dollar General For Sale

The Boulder Group is pleased to exclusively market for sale a single tenant triple net leased Dollar General property located in Hessmer, LA. Hessmer is located in central Louisiana approximately thirty miles south of Alexandria and eighty miles northwest of Baton Rouge.  This Dollar General property is a relocation of a previously successful store. The Dollar General was constructed in 2015. There are approximately fourteen years remaining on the Dollar General lease which expires on July 31, 2030. The lease features a 3% rental escalation in lease year 11 and 10% rental escalations in each of the three 5-year renewal option periods. This absolute triple net lease features no landlord responsibilities.

The 10,566 square foot Dollar General building is strategically located along Main Street which is the primary thoroughfare in the trade area. The property is located approximately seven miles south of the Paragon Casino Resort. This Native American Casino features over 500 hotel rooms, an indoor tropical pool with swim-up bar, full-service spa, three-screen cinema, fabulous dining choices, retail shops, championship golf course and live entertainment in addition to the slot machines and gaming tables.

Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB. On October 15, 2015, Standard & Poor’s upgraded Dollar General from BBB- to BBB. Dollar General is publicly traded on the New York Stock Exchange (DG) with a market capitalization in excess of $26 billion. As of March 23, 2016, Dollar General operated 12,483 stores located in 43 states.