Dollar General
Picayune, MS
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%
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