6130 Highway 129 - Freestanding FOR SALE


Monterey, LA 71354
$1,109,000 USD
949-506-5027
6130 Highway 129, Monterey, LA for Sale
$1,109,000 USD
Freestanding - FOR SALE
1/2
null | 7% Cap Rate

6130 Highway 129
Monterey, LA 71354


HIGHLIGHTS

  • Corporate lease with Dollar General Corporation | Backed by Baa2/BBB, investment-grade credit
  • High-Quality Construction | Built in 2017
  • Ideal market share | Subject property is the only dollar store for an 21-mile radius
  • Long-term investment | 8 Years Remaining in Primary Lease Term
  • NNN Lease | Tenant is responsible for all maintenance, repairs, insurance, and taxes
  • 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 • Ideal market share | Subject property is the only dollar store for an 21-mile radius • 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

$1,109,000 USD

PRICE/SF

$123 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

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

-

APN/PARCEL ID

0500065000A

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.