211 Frisco St
Port Barre, LA 70577
Dollar General-Recent Extension| Proven Sales · Retail Property For Sale

Fortis Net Lease is pleased to present this 9,165 SF Dollar General store located in Port Barre, LA. The property is encumbered with a Five (5) Year NN Lease, leaving Limited landlord responsibilities. The lease contains 2 (5) Yr. Options to renew, each with a 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 is open, with rent having commenced in 2005. This Dollar General is highly visible as it is strategically positioned off Frisco St. The five mile population from the site is 6,059 while the one mile average household income $49,334 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 8.25% cap rate based on NOI of $43,200.