Dollar General New Iberia, LA

2403 Jane Street
New Iberia, LA

Price: $1,872,171
Cap Rate: 5.25%
NOI: $98,289
Building Size: Approx. 10,556 Sq. Ft.
Lot Size: Approx. 1.58 Acres
Type: Single-Tenant / Retail
Sub Category: Dollar Store
Year Built: 2021

Investment Overview

  • 2021 Construction. 10,556+/- SF Building on 1.58+/- Acre Site
  • 15 Yr Corporate Absolute NNN Lease w/ 10% Rental Increases in (4) 5 Yr Option Periods
  • Subject Property Ideally Situated Along Jane St (8K VPD) Near W Old Spanish Trail (12K VPD)
  • Dense Population with 42,000 Residents within a 5 Mile Radius of the Site
  • Dollar General is the Country’s Largest Small-Box Discount Retailer  | E-Commerce Resistant
  • Dollar General Completed More Than 1,750 Store Remodels in 2021 & Plans for More in 2022
  • New Iberia  |  Suburb of Lafayette  |  Lafayette Population: 126,000+