Dollar General
9,232 SF | Retail Building | Pickens, MS 39146 | $1,151,507 ($125/SF) | 7.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,151,507
- Property Type
-
Retail
- Square Feet
- 9,232 SF
- Price / Square Foot
- $125
Listing Contacts
Robert Bender
Verified Profile
Doug Passon
Verified Profile
- Property Info
Property Overview
Fortis Net Lease is pleased to present this 9,232 SF Dollar General store located in Pickens, MS. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease has remaining 4 (5 year) options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store has been open & operating successfully since February 2019. This Dollar General is highly visible as it is strategically positioned along US-51 which sees 1,953 vehicles per day. The ten mile population from the site is 5,841 while the ten mile average household income $48,093 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store.
Property Details
- Year Built
- 2019
- Stories
- 1
- Property Subtype
- Grocery/Convenience Store
- Lot Size (sq. ft)
- 146,362 SF
Highlights
- 15 Year Absolute NNN Lease
- Zero Landlord Responsibilities
- 4 (5 Year) Options | 10% Increases At Each Option
- 10 Mile Population 5,841
- 1,953 Vehicles Per Day
- Investment Grade Dollar Store With "BBB" Credit Rating
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