405 W 4th St
Dequincy, LA 70633

This single tenant NN Dollar General in Dequincy (Lake Charles MSA), Louisiana is an excellent investment in a proven location with minimal landlord responsibilities. The lease for this 11,000 SF store was recently extended to 2025, showing a strong commitment to this location. Dollar General’s continued commitment to this location is evidenced by plans to complete an interior remodel in May of 2020. The remodel includes adding more coolers, rearranging the floor plan, adding grocery items and clothing to their current product mix. Unconfirmed information indicates that this store is the #1 store in the district with current store sales in excess of $2M before the remodel. Drivers of sales include limited area competition, proximity to the nearby plant and spillover traffic coming from Texas through the area. Landlord responsibilities include repairs and maintenance to the roof, structure and paved areas. Insurance is handled directly by Dollar General through their National Insurance Program. The NN lease requires the tenant to reimburse the Landlord for taxes and repairs under $1,000 per occurrence. Within the last two years, the Landlord replaced two of the HVAC units and recently restriped the parking lot. As part of the extension, the rent will increase 5% in 2020 and the CAM contribution will increase at that time as well.