839 Main Ave, Lumberton, MS 39455
8,303 SF | 100% Leased | Retail Building | Online Auction Sale | Lumberton, MS 39455
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 29 days
Asking Price Unpriced
- Property Type
-
Retail
- Square Feet
- 8,303 SF
Listing Contacts
Brian Brockman
Mary Humphreys
Property Overview
Encore Real Estate Investment Services, in tandem with Ten-X, is pleased to offer a standalone 8,303-square-foot Dollar General store located in Lumberton, Mississippi. The tenant’s lease contains two 5-year extension options to renew and strong rent increases with each renewal option. Dollar General has continually demonstrated a long-term commitment to the site and has operated at the location for 22+ years. The lease is also corporately guaranteed by Dollar General Corporation, which holds a credit rating of “BBB”, which is classified as Investment Grade.
839 E Main Avenue is ideally situated along MS State Route 13 and boasts proximity to US Highway 11 and Interstate 59. MS State Route 13 is the primary thoroughfare traveling through Lumberton and is home to many major retailers and community service providers.
Lumberton is a quaint town in Lamar County, Mississippi. The town is characterized by its charming suburban feel that is perfectly mixed with its small-town rural atmosphere. The town is home to approximately 1,600 residents, all of whom live within a 2-mile radius of 839 E Main Street. 67% of these residents own their own home and tallied a consumer spending total of nearly $19 million in 2023. Due to limited retail options, Lumberton residents will consistently rely on discount shopping options.
Don’t miss out on this opportunity to obtain a reliable NN investment with a nationally known tenant with a corporate-backed lease.
839 E Main Avenue is ideally situated along MS State Route 13 and boasts proximity to US Highway 11 and Interstate 59. MS State Route 13 is the primary thoroughfare traveling through Lumberton and is home to many major retailers and community service providers.
Lumberton is a quaint town in Lamar County, Mississippi. The town is characterized by its charming suburban feel that is perfectly mixed with its small-town rural atmosphere. The town is home to approximately 1,600 residents, all of whom live within a 2-mile radius of 839 E Main Street. 67% of these residents own their own home and tallied a consumer spending total of nearly $19 million in 2023. Due to limited retail options, Lumberton residents will consistently rely on discount shopping options.
Don’t miss out on this opportunity to obtain a reliable NN investment with a nationally known tenant with a corporate-backed lease.
Property Details
- Class
- C
- Year Built
- 2002
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 52,272 SF
Highlights
- 839 E Main Avenue is located along Lumberton’s primary thoroughfare and offers proximity to Interstate 59 and US Highway 11.
- Corporate-backed NN lease structure with minimal landlord responsibility and built-in tenant reimbursements.
- Dollar General has operated at the site for +22 years and has two, 5-year renewal options with strong rent increases in each option.
- Dollar General reported nearly $38 billion in 2023 revenue and is classified "BBB" Investment Grade.
- Located in a small community, the property is visible to over 3,000 vehicles per day and serves as one of the area's primary retailers.
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