6753 Highway 1
Boyce, LA 71409
Retail Property For Sale

Fortis Net Lease is pleased to present this 9,,026 SF Dollar General store located in Boyce, LA. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains Four (5) Yr. Options to renew, each with a 10% 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 currently open with rent having commenced on 4/27/2015. This Dollar General is highly visible and is strategically positioned on Highway 1 seeing 3,216 cars per day, just a short distance from the exit off Interstate-49 seeing 22,832 cars per day. The ten mile population from the site is 85,137 while the three mile average household income is $74,339 per year, making this location ideal for a Dollar General. The area is experiencing great growth with the three mile population growth rate at 4.08%. 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 7.10% cap rate based on NOI of $79,515. Instate Broker of Record: Mathew Laborde | Elifin | License # 21862