4932 Highway 34 - Convenience Store FOR SALE


West Monroe, LA 71292
$1,156,000 USD
949-506-5027
4932 Highway 34, West Monroe, LA for Sale
$1,156,000 USD
Convenience Store - FOR SALE
1/3
null | 7% Cap Rate

4932 Highway 34
West Monroe, LA 71292


HIGHLIGHTS

  • Corporate lease with Dollar General Corporation | Backed by Baa2/BBB, investment-grade credit
  • High-Quality Construction | Built in 2017
  • Long-term investment | 8 Years Remaining in Primary Lease Term
  • NNN Lease | Tenant is responsible for all maintenance, repairs, insurance, and taxes
  • 10% rent increases in each option period, providing a hedge against inflation
  • Strong, expanding company | In 2023, Dollar General ranked #108 on Fortune 500 list and was listed on Fortune’s World’s Most Admired Companies list

OVERVIEW

• Corporate lease with Dollar General Corporation | Backed by Baa2/BBB, investment-grade credit • High-Quality Construction | Built in 2017 • Long-term investment | 8 Years Remaining in Primary Lease Term • NNN Lease | Tenant is responsible for all maintenance, repairs, insurance, and taxes • 10% rent increases in each option period, providing a hedge against inflation • Strong, expanding company | In 2023, Dollar General ranked #108 on Fortune 500 list and was listed on Fortune’s World’s Most Admired Companies list for 2023 | Annual net sales exceeds $37.8 Billion • Excellent access and visibility from Townline Road • Strong, expanding company | In 2023, Dollar General ranked #108 on Fortune 500 list and was listed on Fortune’s World’s Most Admired Companies list for 2023 | Annual net sales exceeded $37.8 Billion • Experienced and aggressively growing tenant | Dollar General operates over 20,000 stores in the U.S. and Mexico with plans for further expansion | In 2024, plans to add another 800 new stores, remodel 1,500 stores, and relocate 85 stores | DG opened nearly 1,000 new stores, completed 2,000+ remodels, and relocated 129 stores in 2023 • Dollar General’s net sales increased 17.9% in Q4 2023 and were up 10.6% for FY 2022

FOR SALE DETAILS

PRICE

$1,156,000 USD

PRICE/SF

$127 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | 8 Yrs NNN | BBB Credit

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.82 AC

LAND SF

79,279 SF

ZONING

-

APN/PARCEL ID

132473

ASK ABOUT THIS PROPERTY

Zack WilliamsBerkeley Capital AdvisorsMore Info
949-506-5027

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Zack WilliamsBerkeley Capital AdvisorsMore Info
949-506-5027

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.