231 Veterans Boulevard, Kenner, LA 70062

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Building Details:

• Year Built: 2013

Kenner, LA. Kenner is situated in Jefferson Parish on the Western side of the New Orleans metro area, near MSY/Louis Armstrong International Airport. Veterans Boulevard is the primary commercial thoroughfare in the Metairie/Kenner commercial area. The store is surrounded by a strong mix of single family, multi-family and commercial neighbors. The 9,100 square foot standard DG layout store opened in January 2013 and is situated on a corner lot measuring approximately 1.00 acres in size.

Dollar General Corporation, which is publicly traded on the NYSE under symbol “DG”, currently has a market cap of approximately $17 Billion. Net sales for 2012 were in excess of $16 Billion. DG currently operates in excess of 10,000+ stores in approximately 40 states and has been in business for nearly 70 years. DG is currently rated BBB-, which is Investment Grade. In addition, they are Investment Grade rated by both major rating agencies. Dollar General is the largest retailer in the US and carries top quality products made by America’s most trusted manufacturers such as Proctor & Gamble, Kimberly Clark, Kellogg’s, General Mills, Nabisco, PepsiCo and Coca-Cola. These offers include basic household items such as cleaning supplies, health and beauty aids, apparel and food.

The lease is a 15 year base term with a 3% increase in year 11, with (4) 5-year options. Base rent for years 1-10 is $9,947.60 and years 11-15 at $10,246.03 with a 10% increase in each of the (4) 5-year option periods. This is a NNN lease with DG maintaining the property fully, including real estate tax and insurance expense.