Dollar General Plus | 7378 Highway 489
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Dollar General Plus 7378 Highway 489
10,640 SF Retail Building Conehatta, MS 39057 $1,525,566 ($143/SF) 7.25% Cap Rate
Investment Highlights
- 2024 build-to-suit construction for Dollar General
- ±13.75 Years remaining on a 15 year Absolute NNN Lease – Zero Landlord Responsibilities
- Store was completely rebuilt in 2024 following a fire
- Attractive 7.05% cap in today’s competitive market
Executive Summary
10 mile population in excess of 13,294 residents. Dollar General has ±19,600 locations and plans to continue their expansion for the foreseeable future. Dollar General boasts an investment-grade credit rating of BBB (S&P). Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,640 SF
Year Built
2024
Price
$1,525,566
Price Per SF
$143
Cap Rate
7.25%
NOI
$110,604
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
14.60 AC
Zoning
C - Commercial
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Dollar General
- Retailer
- 10,640 SF
- -
- -
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
Dollar General | Retailer | 10,640 SF | - | - |
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Dollar General Plus | 7378 Highway 489
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