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Dollar General | 8-Yrs NNN | BBB Credit 6130 Highway 129

9,026 SF Retail Building Monterey, LA 71354 $1,109,000 ($123/SF) 7% Cap Rate

Retail Buildings Louisiana Monterey 6130 Highway 129, Monterey, LA 71354

Investment Highlights

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

Executive Summary

• 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

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Year Built
2017
Price
$1,109,000
Price Per SF
$123
Cap Rate
7%
NOI
$77,622
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.41 AC
Parking
30 Spaces (3.32 Spaces per 1,000 SF Leased)

Links

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PROPERTY TAXES

Parcel Number 0500065000A Improvements Assessment $67,110
Land Assessment $9,250 Total Assessment $76,360

PROPERTY TAXES

Parcel Number
0500065000A
Land Assessment
$9,250
Improvements Assessment
$67,110
Total Assessment
$76,360
(949) 506-5027

Contacts

  • Listing ID: 32310390

  • Date on Market: 7/1/2024

  • Last Updated:

  • Address: 6130 Highway 129, Monterey, LA 71354

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Dollar General | 8-Yrs NNN | BBB Credit | 6130 Highway 129
(949) 506-5027 x

Dollar General | 8-Yrs NNN | BBB Credit | 6130 Highway 129

1/5

Zack Williams

(949) 506-5027

(949) 506-5027

Calvin Short

(949) 506-2009

(949) 506-2009

Matt Coates

(949) 506-2654

(949) 506-2654

Gary Chou

(949) 506-2012

(949) 506-2012

Aron Cline

(818) 632-0233

(818) 632-0233

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