Northbrook, IL- November 29, 2016 – (RealEstateRama) — The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Dollar General located at 9443 Highway 1 in Natchez, Louisiana for $1,484,000.
The 9,014 square foot Dollar General building is strategically located along Louisiana Highway 1 which is the primary north-south thoroughfare in the trade area. The property is located approximately forty miles north of Alexandria.
The Dollar General was constructed in 2015. There are fourteen years remaining on the Dollar General lease which expires on May 31, 2030. The lease features 10% rental escalations in each of the three 5-year renewal option periods. This absolute triple net lease features no landlord responsibilities. Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB. As of March 23, 2016, Dollar General operated 12,483 stores located in 43 states.