Dollar General Property For Sale Date November 2, 2016
The Boulder Group is pleased to exclusively market a single tenant net leased Dollar General property for sale located in Columbia, Louisiana. Columbia is the parish seat of Caldwell Parish. This Dollar General store was constructed in 2016 and is a relocation of a previously successful store. There are over fourteen years remaining on the Dollar General lease which expires on January 31, 2031. The lease features 10% rental escalations in each of the three 5-year renewal option periods. This absolute triple net lease features no landlord responsibilities.
The 10,640 square foot Dollar General building is strategically located along Highway 165 which is the primary north-south thoroughfare in the trade area. The Dollar General is positioned approximately one and one-half miles south of the Caldwell Memorial Hospital. Retailers located in the immediate trade area include McDonald’s, Sonic, Mobil, Brookshires, Family Dollar, Caldwell Bank & Trust, Fred’s and Popeye’s
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.