8.5+ YEAR NNN DOLLAR GENERAL • 9,026 SF Build to Suit Dollar General located in Maurepas (Baton Rouge MSA), LA. • This Store opened in Dec of 2014 and has over 8.5 years remaining on a 15-Year Corporate NNN Lease. • Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure. • There are 10% rent increases in each of the three, 5 Year option periods.
BATON ROUGE MSA • Maurepas is located in between Baton Rouge and New Orleans, LA. It is 40 Miles South of Baton Rouge and is in the Baton Rouge MSA. • Baton Rouge is the second largest city in Louisiana with a population of 229,493. New Orleans is the largest city with a population of 390,845. • Baton Rouge is a major industrial, petrochemical, medical, research, motion picture, and growing technology center of the South. • Home to multiple Universities and colleges including Louisiana State University, the largest institution of higher education in the state with over 31,000 students. • Baton Rouge is the furthest inland port on the Mississippi River that can accommodate ocean-going tankers and cargo carriers. It is the 10th largest port in the United States with an annual cargo tonnage of 4.11 million. • Home to Baton Rouge Metropolitan Airport that supports over 51,000 aircraft operations and 800,000 passengers per year. • Baton Rouge sees more than 11 Million tourists that spend $958 Million per year.
AFFLUENT HIGH GROWTH MARKET • The 5-mile average household incomes for this property are $81,645 with 14.25% growth which is superior to most Dollar General locations.
ESSENTIAL RETAILER • Dollar General has thrived during the pandemic and delivered their 30th consecutive year of same store sales growth in 2020. • Dollar General continued to pay rent to their landlords during COVID even while hiring 50,000 new employees. • Dollar General opened another 1,000 stores in 2020 and are forecasted to expand another 1,050 locations in 2021.
INVESTMENT GRADE TENANT • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 17,000 locations and expanding by 1,000 stores each year. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.