Dollar General

Picayune, MS
place offer

Property Details

Available
Net Operating Income
$92,250
Year Built
2010
Lease Term
3/31/2025
Lot Size
1.88 Acres
Building Size
9,014 SQ FT
Lease Structure
NN
Ownership Type
Fee Simple
Options
(5) Five Year Options

Investment Details

RARE High yield for a Corporate Guarantee​
  • 8.39% Cap Rate
Strong Corporate Guarantee​
  • Standard & Poor’s Investment Grade (S&P. “BBB”) Tenant | The Only Small-Box Retailer with Investment Grade Credit.
STRONG Commitment to Location​
  • Recent remodel of store interior paid for by Dollar General
NN Lease – Minimal Landlord Responsibilities​
  • LL Responsibilities are Roof, Structure, and Parking Lot.
Dollar General is the largest discount retailer in the country with over 16,500 locations throughout the US.
STRONG Demographics for a Dollar Store​
  • Population is 23, 590 in a 5-mile radius
High Traffic Counts​
  • Over 13,000 VPD on Highway 43 S
asking price
$1,100,000
cap rate
8.39%

Contact Us

Johnny Novokmet
3103449394