(Northbrook, IL- May 17, 2017) – (RealEstateRama) — The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Dollar General located at 7180 Highway 165 in Columbia, Louisiana for $1,295,000.
The 10,640 square foot Dollar General store was constructed in 2016 and is a relocation of a previously successful store. The Dollar General is strategically located along Highway 165 which is the primary north-south thoroughfare in the trade area. The Dollar General is positioned approximately one and one-half miles south of the Caldwell Memorial Hospital. There are a number of national retailers located in the immediate trade area including McDonald’s, Sonic Drive-In, Mobil, Brookshire Grocery and Family Dollar to name a few.
The Dollar General lease has 14 years remaining and expires July 2031. 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.