The Boulder Group is pleased to exclusively market a triple net for sale property located in Simpson, LA. Simpson is part of the Fort Polk South Metropolitan Statistical Area which has a population of approximately 90,000 people.\u00a0 The Dollar General was constructed in 2016. There are approximately fifteen years remaining on the Dollar General lease which expires on July 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.<\/p>\n
The 7,489 square foot Dollar General building is strategically located at the Intersection of Louisiana Highway 465 and Louisiana Highway 8. Both of which are the primary thoroughfares in the trade area. The Dollar General is located approximately twenty miles north of Fort Polk. Fort Polk is an US Army Installation which encompasses approximately 198,000 acres. Fort Polk is the only Combat Training Center that also trains and deploys combat units. In 2013, there were 10,877 troops stationed at Fort Polk which generated an annual payroll of $980 million.<\/p>\n
Dollar General is an investment grade rated company with a Standard & Poor\u2019s rating of BBB. On October 15, 2015, Standard & Poor\u2019s 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.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Boulder Group is pleased to exclusively market a triple net for sale property located in Simpson, LA. Simpson is part of the Fort Polk South Metropolitan Statistical Area which has a population of approximately 90,000 people.\u00a0 The Dollar General was constructed in 2016. There are approximately fifteen years remaining on the Dollar General lease […]<\/p>\n","protected":false},"author":3,"featured_media":166,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[115,114],"class_list":["post-165","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-sale","tag-triple-net-for-sale","tag-triple-net-lease"],"yoast_head":"\n