626 11th Ave
Franklinton, LA 70438

Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 626 11th Ave in Franklinton, Louisiana. The building consists of 9,100 rentable square feet, and has ample parking. This investment is being offered at $782,525 which represents a 8.25 percent capitalization rate. Dollar General has demonstrated their commitment to this location by recently extending the lease agreement, which currently has over seven years remaining. Furthermore, there are two, five year options, each with favorable rent increases. Additionally, all HVAC units have been replaced, at the expense of the tenant. Landlord responsibilities are limited to roof and structure, while Dollar General is responsible for the cost of minor repairs less than $1,000. Dollar General has earned a BBB credit rating by Standard & Poor's.  Franklinton has experienced steady population growth over the last 15 years and is projected to continue this trend moving forward. The site benefits from strong traffic counts and is conveniently located near several neighborhoods and schools, as well as other complimentary retailers.