Dollar General – Luling, LA

1221 Paul Maillard Road
Luling, LA
U.S.A.
Sold: $1,150,000
Closing Date: 10/21/2015

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Year Built: 2008
Building Size: 9,014 Square Feet
Lot Size: 1.00 Acres
Property Type: Commercial
Property Status: Sold
Description:

INVESTMENT& LOCATION OVERVIEW

Highlights

  • Strong Sales – no Percentage (%) Rent – over $2.00 million in sales in 2014
  • Early Update of Signage – Proven Location
  • Greater NEW ORLEANS MSA – LOUISIANA  – EXCELLENT REAL ESTATE
  • CorporateGuaranteed ($18.90 Billion Revenue / $23.3 Billion Market Cap Value)
  •      Dollar General: #164 in Fortune 500 – S&P BBB Rating – Investment Grade
  •      9,014 SF – Larger Store Format
  •      New HVAC Units are being installed through the DG National HVAC replacement program during August 2015
  •      THREE,  Five-YearOptionRemaining
  •      Property located in Luling, a suburb west of New Orleans, LA
  •      Immediate trade area include St. Charles Parish Hospital, Luling Elementary School, St. Charles Community HealthCenter and CVS Pharmacy
  •      Dollar General can be enrolled this store in its national insurance program

The Dollar General # 11,228 – is a proven location – with excellent sales and updated signage.  The property islocated at 1221 Paul Maillard Road, Luling, LA 70070 located just west of New Orleans.  TheDollar General propertyis a 9,014 Square Foot property built in 2008. The rent is a double net (NN) lease with landlord responsible for Roof, Structure, HVAC & Parking Lot.  The seller is installing brand new HVAC units through DG’s national HVAC replacement program.  The property is offered at an 7.75%CapRate.Minimalmaintenanceis requiredwith 10% increases duringthe three, five-yearoptions.

Luling, LA is a suburb off US Highway 310 approximately 16 miles west of New Orleans LA

CORPORATE DESCRIPTION

Dollar General Corporation is the nation’s largest small-box discount retailer. We make shopping for everyday needs simpler and hassle-free by offering a carefully edited assortment of the most popular brands at low everyday prices in small, convenient locations. Dollar General ranks among the largest retailers of top-quality brands made by America’s most-trusted manufacturers, such as Procter & Gamble, Kimberly Clark, Unilever, Kellogg’s, General Mills and Nabisco.

 

$18.90 billion in sales in fiscal 2014

11,700+ stores in 43 states

About 12,000 core products from America’s most-trusted manufacturers

12+ distribution centers

105,000+ employees

BBB- Rating by Standard & Poor’s

Headquarter arelocatedat 100 Mission Ridge Goodlettsville, TN 37072