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Dollar General NN Dollar Store Investment Louisiana

Dollar General | Iowa, LA
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Investment Offering

Tenant: Dollar General | Iowa, LA
Premises: 9,100 SF
Renewal Options: 3 x 5 Years

Lease Expiration: 03/31/2029
Lease Type: NN
Rental Increases: 10% at Each Option


Sands Investment Group is Pleased to Present Exclusively For Sale the 9,100 SF NN Dollar Store Investment Located at 303 E Miller Street in Iowa, Louisiana. This Deal Includes a NN Lease With a Full 7 Years Remaining. The Tenant Has Occupied the Space For Over 17 Years and the Landlord Has Kept the Building in Great Condition Which Makes For a Secure Investment.

  • Brand New 5 Year Lease Extension and a 20 Year Operating History Shows Commitment to the Space
  • Phenomenal Owner Who Has Been Proactive With Maintenance
  • Strong Corporate Guarantee – NYSE (DG) – With Over $30 Billion in Revenue For 2021
  • Dollar Stores Have Been Deemed Essential Businesses During COVID, Proving Yet Again That They Are a Recession and Pandemic Proof Concept Doing Extremely Well
  • Residents Within 3-Miles Are Making an Average Household Income of $62,764 Per Year
  • Located Down the Street From the Iowa High School and Middle School Which Has Roughly 2,000 Students
  • Limited Competition With the Next Closest Store Being 3-Miles Away and Only 1 Grocer in Town
  • Minutes Away From Lake Charles, LA, Which is Home to the Mardi Gras Museum and the Chennault International Airport

In Cooperation With Sands Investment Group Louisiana, LLC Lic. # BROK.0995702111-CORP BoR: Andrew Ackerman – LA Lic. # BROK.0995700567-ACT

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Tenant Overview

Dollar General Corporation (NYSE: DG) was founded in 1939 and has been delivering value to shoppers for over 75 years. Dollar General helps shoppers Save time. Save money.
Every day! by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at low everyday prices in convenient neighborhood locations. In addition to high quality private brands, Dollar General sells products from America’s most-trusted brands such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo.
Dollar General operated 17,915 stores in 46 states as of October 29, 2021. During the year, we completed 2,780 real estate projects, including the opening of our 17,000th store and the launch of our new pop shelf concept, while also delivering the 31st consecutive year of same-store sales growth. In addition, the Company is reiterating its plans to execute 2,900 real estate projects in fiscal year 2021, including 1,050 new store openings, 1,750 store remodels, and 100 store relocations. The company continues to expect capital expenditures in the range of $775 million to $825 million.

Area Overview

Dollar General | Iowa, LA

303 E Miller Street - Iowa, LA 70647

Contact Broker for Details

Status: Sold

Dollar General | Iowa, LA

Andrew Ackerman

770.626.0445
aackerman@SIGnnn.com

Make an Offer
$8.3 BILLION IN SALES

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Our Intentions

We believe in giving back. There’s a big world outside of the real estate bubble and we know that with success comes responsibility.

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