DOLLAR GENERAL | 8522 US Highway 98
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DOLLAR GENERAL 8522 US Highway 98
10,640 SF Retail Building Sumrall, MS 39482 $1,609,052 ($151/SF) 7.15% Cap Rate
Investment Highlights
- 2022 Built to Suit Construction for Dollar General
- 10 mile population of ±16,357 residents
- Limited competition – there is no other discount retailer in Sumrall
- Five, 5 year options, all of which include a 10% rent increase
- Average growth of 1.8% annually since 2010
- Dollar General boasts an investment grade credit rating of BBB (S&P)
Executive Summary
Dollar General has ±19,600 locations and plans to continue their expansion for the foreseeable future
Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic
Dollar General has a market cap of ±$30 billion
Broker of Record
Phillip Carpenter
License No. C-11708 (MS)
(866) 889-0550
Carpenter Properties, Inc.
1437 Old Square Road,
Suite 104 Jackson, MS 39211
Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic
Dollar General has a market cap of ±$30 billion
Broker of Record
Phillip Carpenter
License No. C-11708 (MS)
(866) 889-0550
Carpenter Properties, Inc.
1437 Old Square Road,
Suite 104 Jackson, MS 39211
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,640 SF
Building Class
B
Year Built
2022
Price
$1,609,052
Price Per SF
$151
Cap Rate
7.15%
NOI
$115,047
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.24 AC
Zoning
Retail - Retail Commercial
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Dollar General
- Retailer
- -
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Dollar General | Retailer | - | - | - |
PROPERTY TAXES
| Parcel Number | 156 -23-038.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $761 |
PROPERTY TAXES
Parcel Number
156 -23-038.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$761
Contacts
-
Scotty Latimer -
Brett Baumgartner -
Josh Bishop -
Matthews Real Estate Investment Services
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DOLLAR GENERAL | 8522 US Highway 98
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