(Northbrook, IL- March 22, 2017) – (RealEstateRama) — The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Dollar General located at 8212 Highway 171 in Grand Cane, Louisiana for $1,168,947.
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The 9,014 square foot Dollar General building is strategically located along Louisiana Highway 171 which is the primary north-south thoroughfare in the trade area. The property is located approximately thirty miles south of Shreveport. Shreveport is the third-largest city in the state of Louisiana.
The Dollar General lease has 14 years remaining and expires October 2016. The absolute triple net lease features no landlord responsibilities and 10% rental escalations in each of the three 5-year renewal option periods. Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB. Dollar General operated more than 12,500 stores in 43 states.