New Relo Dollar General | Near New Orleans

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1012 S Alex Plaisance Blvd
Golden Meadow, LA

Price: $2,171,000

Cap: 6.85%

NOI: $148,659

Building Size: 10,640 SF

Lot Size: 1.00 AC

Investment Highlights

2023 RELOCATION DOLLAR GENERAL

• New 10,640 SF Dollar General located in Golden Meadow, LA

• This Dollar General is a relocation and expansion of an existing store in this area which shows their commitment and confidence in the Golden Meadow Market.

• The store opened, and rent commenced in October 2023.

NEAR NEW ORLEANS | MOST POPULOUS CITY IN LA

• Golden Meadow is located about 1.5 hours south of downtown New Orleans on the coast of Louisiana.

• New Orleans is the most populous city in the state and is the 3rd most populous city in the deep south.

• Serving as a major port, New Orleans is considered an economic and commercial hub for the broader Gulf Coast region

• New Orleans operates one of the world’s largest and busiest ports that generates $100 million in revenue annually.

• Home to multiple professional sports teams including the NFL’s New Orleans Saints who generate over $530 Million in revenue each year.

• There are 7 universities located in New Orleans including Tulane University (14,472 Students), University of New Orleans(8,231 Students), and Dillard University (1,301 Students).

GOLDEN MEADOW

• Golden Meadow is located in the southeast corner of LA about 20 minutes from the coast.

• The town's main source of revenue is the oil and gas industry, but the fishing and seafood industries also have strong economic impacts.

• LA southernmost port, Port Fourchon, is located only 20 minutes south of this Dollar General. Port Fourchon currently services over 90% of the Gulf of Mexico’s deepwater oil production

• South Lafourche Airport supports 38K aircraft operations per year and is only 7 miles from this Dollar General.

NEW 15-YEAR CORPORATE NNN LEASE

• Brand new 15-year corporate guaranteed NNN Lease with Dollar General.• Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure.• There are 10% rent increases in each of the Three, 5-year option periods

INVESTMENT GRADE TENANT

• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.

• Currently over 19,400 locations and expanding by 1,050 stores each year.

• Dollar General has been in business for 83 years and has a current net worth of over $54.4 billion

Don McMinn

678-808-2762 | EMAIL >

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