NNN Leased Dollar General For Sale

The Boulder Group is pleased to exclusively market for sale a single tenant, new construction, nnn leased Dollar General property located in Grand Cane, Louisiana. Grand Cane is in the Shreveport metropolitan area.  The property is strategically located along the trade area’s primary north-south thoroughfare. The Dollar General will be constructed in the first quarter of 2017. There are fifteen years on the Dollar General lease which will expire on February 28, 2032. 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 9,014 square foot Dollar General building is strategically located along Louisiana Highway 171 which is the primary north-south thoroughfare in the trade area. The property is located approximately thirty miles south of Shreveport. Shreveport is the third-largest city in the state of Louisiana.

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 $23 billion. As of March 23, 2016, Dollar General operated 12,483 stores located in 43 states.