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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 - -
  • Listing ID: 32031694

  • Date on Market: 6/5/2024

  • Last Updated:

  • Address: 7378 Highway 489, Conehatta, MS 39057

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