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Dollar General 116 N Magnolia St 16,800 SF Retail Building Gramercy, LA 70052 $1,045,616 CAD ($62.24 CAD/SF) 8% Cap Rate

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Investment Highlights

Long Term Tenant
Brand New Roof & Store Refresh
Investment Grade Credit

Plus Size Store
Strong Historical Sales
Dominant Market-Share Location

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Dollar General investment property located at 116 N Magnolia Street in Gramercy, Louisiana (the “Property”). Dollar General has been at this location since 1996 and recently extended their double net lease demonstrating their commitment to this location and market. Dollar General has 4+ years of term remaining and is followed by six, 5-year renewal options. The lease features 10% rent increases at the start of each renewal option.
The Property benefits from a corner location at the intersection of N Magnolia Street and Main Street (LA Route 641), the primary commercial corridor traversing Gramercy, LA. Gramercy is located along the banks of the Mississippi River approximately 45 miles west of New Orleans.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

16,800 SF

Year Built/Renovated

1970/2013

Price

$1,045,616 CAD

Price Per SF

$62.24 CAD

Cap Rate

NOI

$83,649 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.39

Lot Size

1.00 AC

Frontage

310’ on MAGNOLIA ST

Major Tenants

Retailer
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DG est fière d'être le magasin général de quartier d'America. Nous nous efforçons de rendre les achats faciles et abordables grâce à des magasins pratiques et faciles à acheter partout aux États-Unis. Les magasins DG offrent tous les jours à bas prix des articles, notamment de la nourriture, des collations, des produits de santé et de beauté, des produits de nettoyage, des vêtements de base, des articles ménagers, des articles saisonniers, des produits en papier et bien plus encore des marques et produits les plus fiables des États-Unis, ainsi que des marques privées de haute qualité. Depuis la fondation de l'entreprise en 1939, Dollar General s'est engagé à servir ses clients avec valeur et commodité, en offrant des possibilités de carrière à ses employés ou en servant les communautés qu'ils considèrent comme leur maison par le biais de l'alphabétisation et de l'éducation.