{"id":1004177525,"date":"2017-05-19T07:06:50","date_gmt":"2017-05-19T15:06:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004177525"},"modified":"2022-12-08T20:42:31","modified_gmt":"2022-12-09T04:42:31","slug":"louisiana-triple-net-lease-dollar-general-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/louisiana-triple-net-lease-dollar-general-changes-hands\/","title":{"rendered":"Louisiana Triple Net Lease Dollar General Changes Hands"},"content":{"rendered":"<p>By Evelina Croitoru<\/p>\n<div id=\"attachment_1004177530\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Dollar-General-in-Columbia-La.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004177530\" data-attachment-id=\"1004177530\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/louisiana-triple-net-lease-dollar-general-changes-hands\/dollar-general-in-columbia-la\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Dollar-General-in-Columbia-La.jpg\" data-orig-size=\"1131,774\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;NIKON D5100&quot;,&quot;caption&quot;:&quot;????????????????????????????????????&quot;,&quot;created_timestamp&quot;:&quot;1468305313&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;38&quot;,&quot;iso&quot;:&quot;160&quot;,&quot;shutter_speed&quot;:&quot;0.004&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Dollar General in Columbia, La\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;????????????????????????????????????&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Dollar-General-in-Columbia-La.jpg?w=1024\" class=\"wp-image-1004177530 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Dollar-General-in-Columbia-La.jpg\" alt=\"Dollar General store in Columbia, La.\" width=\"300\" height=\"205\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Dollar-General-in-Columbia-La.jpg 1131w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Dollar-General-in-Columbia-La.jpg?resize=300,205 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Dollar-General-in-Columbia-La.jpg?resize=768,526 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Dollar-General-in-Columbia-La.jpg?resize=1024,701 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004177530\" class=\"wp-caption-text\">Dollar General store in Columbia, La.<\/p><\/div>\n<p>The Boulder Group has arranged the sale of a single-tenant <a href=\"https:\/\/www.commercialsearch.com\/news\/louisiana-triple-net-leased-property-changes-hands\/\">Dollar General<\/a> in Columbia, La. A southern-based private partnership purchased the asset for $1.3 million.<\/p>\n<p>The 10,640-square-foot building was completed in 2016 and is strategically located along Highway 165, the primary north-south artery in the trade area. Additionally, the store is close to various national retailers, including McDonald\u2019s, Sonic Drive-In, Mobil, Brookshire Grocery and Family Dollar. The Dollar General lease is set to expire in 2031. The absolute triple net lease features no landlord responsibilities and has 10 percent rental escalation in each of the three five-year renewal option periods.<\/p>\n<p>The Boulder Group\u2019s President Randy Blankstein and Partner Jimmy Goodman brokered the transaction on behalf of the seller, a Lousiana-based developer.<\/p>\n<p>\u201c<em>New construction properties with long-term leases to investment-grade tenants with rental escalations are the most sought after net lease product<\/em>,\u201d Blankstein said in prepared remarks. \u201c<em>The market for new construction net leased dollar stores remains active as these assets are in high demand among investors<\/em>,\u201d Goodman added.<\/p>\n<p><em>Image courtesy of\u00a0The Boulder Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 10,640-square-foot building traded for $1.3 million. The Dollar Tree lease featuring no landlord responsibilities is set to expire in 2031.<\/p>\n","protected":false},"author":1055,"featured_media":1004177530,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742,21749],"tags":[35660,33840,33428,32940],"class_list":["post-1004177525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-retail","tag-dollar-general","tag-jimmy-goodman","tag-randy-blankstein","tag-the-boulder-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Louisiana Triple Net Lease Dollar General Changes Hands - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/louisiana-triple-net-lease-dollar-general-changes-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Louisiana Triple Net Lease Dollar General Changes Hands\" \/>\n<meta property=\"og:description\" content=\"The 10,640-square-foot building traded for $1.3 million. The Dollar Tree lease featuring no landlord responsibilities is set to expire in 2031.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/louisiana-triple-net-lease-dollar-general-changes-hands\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-19T15:06:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:42:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Dollar-General-in-Columbia-La.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1131\" \/>\n\t<meta property=\"og:image:height\" content=\"774\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Evelina Croitoru\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/louisiana-triple-net-lease-dollar-general-changes-hands\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/louisiana-triple-net-lease-dollar-general-changes-hands\\\/\"},\"author\":{\"name\":\"Evelina Croitoru\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e9e65abbef696b705a028580e04c8c99\"},\"headline\":\"Louisiana Triple Net Lease Dollar General Changes Hands\",\"datePublished\":\"2017-05-19T15:06:50+00:00\",\"dateModified\":\"2022-12-09T04:42:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/louisiana-triple-net-lease-dollar-general-changes-hands\\\/\"},\"wordCount\":195,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/louisiana-triple-net-lease-dollar-general-changes-hands\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/05\\\/Dollar-General-in-Columbia-La.jpg\",\"keywords\":[\"Dollar General\",\"Jimmy Goodman\",\"Randy Blankstein\",\"The Boulder Group\"],\"articleSection\":[\"Deals\",\"News\",\"Retail\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/louisiana-triple-net-lease-dollar-general-changes-hands\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/louisiana-triple-net-lease-dollar-general-changes-hands\\\/\",\"name\":\"Louisiana Triple Net Lease Dollar General Changes Hands - 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