Dollar General

Dollar General

23890 LA-22
Maurepas (Baton Rouge MSA), LA

Price: $1,334,000
Cap: 6.40%
NOI: $85,331
Building Size: 9,026 SF
Lot Size: 1.50 AC

Investment Highlights

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.

Don McMinn
OFFERING MEMORANDUM

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