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1787 Highway 121
Hineston, LA 71438
Dollar General-Recent Extension| Proven Sales · Retail Property For Sale
PROPERTY FACTS
ABOUT 1787 HIGHWAY 121 , HINESTON, LA 71438
Fortis Net Lease is pleased to present this 9,014SF Dollar General store located in Hineston, LA. The property is encumbered with a Five (5) Year NN Lease, Limited landlord responsibilities. The lease contains 2 (5) Yr. Options to renew, each with rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store recently went under an extension which shows they are committed to this location. This Dollar General is highly visible as it is strategically positioned off LA-121. The five mile population from the site is 2,579 while the two mile average household income $60,261 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a cap rate of 8.35% based on Avg NOI of $44,880.
PROPERTY TAXES
| Parcel Number | 38-023-82195-0008 | Improvements Assessment | $69,900 |
| Land Assessment | $5,600 | Total Assessment | $75,500 |
PROPERTY TAXES
