Dollar General | 2365 Highway 15
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Dollar General 2365 Highway 15
9,100 SF Retail Building Woodland, MS 39776 $953,792 ($105/SF) 7.80% Cap Rate
Executive Summary
TOUCHSTONE COMMERCIAL PARTNERS is pleased to offer for sale a Dollar General Store located in Woodland, Mississippi. This property has an absolute NNN with zero landlord responsibilities. The lease runs through April 2032 with five 5-year renewal options and 10% rent increase each renewal option. The lease is guaranteed by Dollar General Corporation which operates over 20,000 stores and has an impressive S&P investment-grade rating of BBB.
With close economic ties to nearby Tupelo (birthplace of the legendary Elvis Presley), Woodland town benefits from a diverse economy rooted in agriculture, manufacturing, retail trade and healthcare. Key employers include Cooper Tire & Rubber Company, Toyota Motor Manufacturing and North Mississippi Health Services, one of the largest non-metropolitan health systems in the country with over 7,200 employees. Nearby the Tombigbee National Forest offers expansive areas perfect for hiking, camping, and connecting with nature.
Broker of Record Bang Realty-Mississippi Inc, Lic #21543
With close economic ties to nearby Tupelo (birthplace of the legendary Elvis Presley), Woodland town benefits from a diverse economy rooted in agriculture, manufacturing, retail trade and healthcare. Key employers include Cooper Tire & Rubber Company, Toyota Motor Manufacturing and North Mississippi Health Services, one of the largest non-metropolitan health systems in the country with over 7,200 employees. Nearby the Tombigbee National Forest offers expansive areas perfect for hiking, camping, and connecting with nature.
Broker of Record Bang Realty-Mississippi Inc, Lic #21543
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2017
Price
$953,792
Price Per SF
$105
Cap Rate
7.80%
NOI
$74,395
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.38 AC
PROPERTY TAXES
| Parcel Number | 0-146-13-013.00 | Improvements Assessment | $0 |
| Land Assessment | $9,650 | Total Assessment | $9,650 |
PROPERTY TAXES
Parcel Number
0-146-13-013.00
Land Assessment
$9,650
Improvements Assessment
$0
Total Assessment
$9,650
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Dollar General | 2365 Highway 15
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